Historic Iranian Rial South Korean Won

Iranian Rial south korean won history for December 2023. The highest quote for this month is 0.031578 (07/12/2023) and the lowest 0.031343 (10/12/2023). The difference between high and low is 0.74.

IRR KRW average rate for December 2023 is 0.03094, the change between 01/12/2023 and 31/12/2023 is +1.51 %.

01 December 20231 IRR = 0.0309 KRW
02 December 20231 IRR = 0.0308 KRW
03 December 20231 IRR = 0.0308 KRW
04 December 20231 IRR = 0.0309 KRW
05 December 20231 IRR = 0.0311 KRW
06 December 20231 IRR = 0.0313 KRW
07 December 20231 IRR = 0.0313 KRW
08 December 20231 IRR = 0.0313 KRW
10 December 20231 IRR = 0.0313 KRW
11 December 20231 IRR = 0.0313 KRW
12 December 20231 IRR = 0.0313 KRW
13 December 20231 IRR = 0.0312 KRW
14 December 20231 IRR = 0.0308 KRW
15 December 20231 IRR = 0.0308 KRW
16 December 20231 IRR = 0.0310 KRW
17 December 20231 IRR = 0.0310 KRW
18 December 20231 IRR = 0.0304 KRW
19 December 20231 IRR = 0.0310 KRW
20 December 20231 IRR = 0.0309 KRW
21 December 20231 IRR = 0.0309 KRW
22 December 20231 IRR = 0.0307 KRW
23 December 20231 IRR = 0.0309 KRW
24 December 20231 IRR = 0.0309 KRW
25 December 20231 IRR = 0.0309 KRW
26 December 20231 IRR = 0.0308 KRW
27 December 20231 IRR = 0.0308 KRW
28 December 20231 IRR = 0.0308 KRW
29 December 20231 IRR = 0.0304 KRW

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

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.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
IRR KRW July 2023
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