Historic Hong Kong dollar South Korean Won

Hong Kong dollar south korean won history for February 2024. The highest quote for this month is 171.44 (13/02/2024) and the lowest 171.08 (04/02/2024). The difference between high and low is 0.21.

HKD KRW average rate for February 2024 is 170.25321, the change between 01/02/2024 and 29/02/2024 is +0.17 %.

01 February 20241 HKD = 170.6 KRW
02 February 20241 HKD = 169.9 KRW
03 February 20241 HKD = 171.1 KRW
04 February 20241 HKD = 171.1 KRW
05 February 20241 HKD = 171.0 KRW
06 February 20241 HKD = 170.5 KRW
07 February 20241 HKD = 169.6 KRW
08 February 20241 HKD = 169.8 KRW
09 February 20241 HKD = 170.2 KRW
10 February 20241 HKD = 169.8 KRW
12 February 20241 HKD = 170.1 KRW
13 February 20241 HKD = 169.9 KRW
14 February 20241 HKD = 171.5 KRW
15 February 20241 HKD = 169.6 KRW
16 February 20241 HKD = 169.8 KRW
17 February 20241 HKD = 170.2 KRW
18 February 20241 HKD = 170.2 KRW
19 February 20241 HKD = 170.3 KRW
20 February 20241 HKD = 170.5 KRW
21 February 20241 HKD = 170.5 KRW
22 February 20241 HKD = 170.4 KRW
23 February 20241 HKD = 169.7 KRW
24 February 20241 HKD = 170.0 KRW
25 February 20241 HKD = 170.0 KRW
26 February 20241 HKD = 170.0 KRW
27 February 20241 HKD = 170.2 KRW
28 February 20241 HKD = 170.2 KRW
29 February 20241 HKD = 170.3 KRW

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.