Historic Indonesian Rupiah South Korean Won

Indonesian Rupiah south korean won history for February 2024. The highest quote for this month is 0.085513 (03/02/2024) and the lowest 0.086173 (13/02/2024). The difference between high and low is -0.77.

IDR KRW average rate for February 2024 is 0.08509, the change between 01/02/2024 and 29/02/2024 is -0.32 %.

01 February 20241 IDR = 0.0846 KRW
02 February 20241 IDR = 0.0845 KRW
03 February 20241 IDR = 0.0855 KRW
04 February 20241 IDR = 0.0855 KRW
05 February 20241 IDR = 0.0851 KRW
06 February 20241 IDR = 0.0849 KRW
07 February 20241 IDR = 0.0843 KRW
08 February 20241 IDR = 0.0848 KRW
09 February 20241 IDR = 0.0850 KRW
10 February 20241 IDR = 0.0850 KRW
12 February 20241 IDR = 0.0853 KRW
13 February 20241 IDR = 0.0853 KRW
14 February 20241 IDR = 0.0856 KRW
15 February 20241 IDR = 0.0853 KRW
16 February 20241 IDR = 0.0847 KRW
17 February 20241 IDR = 0.0852 KRW
18 February 20241 IDR = 0.0851 KRW
19 February 20241 IDR = 0.0852 KRW
20 February 20241 IDR = 0.0853 KRW
21 February 20241 IDR = 0.0852 KRW
22 February 20241 IDR = 0.0852 KRW
23 February 20241 IDR = 0.0851 KRW
24 February 20241 IDR = 0.0853 KRW
25 February 20241 IDR = 0.0853 KRW
26 February 20241 IDR = 0.0853 KRW
27 February 20241 IDR = 0.0852 KRW
28 February 20241 IDR = 0.0851 KRW
29 February 20241 IDR = 0.0849 KRW

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

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: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

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.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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.
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