Historic Iranian Rial South Korean Won

Iranian Rial south korean won history for January 2024. The highest quote for this month is 164.1 (03/01/2024) and the lowest 163.04 (03/01/2024). The difference between high and low is 0.65.

IRR KRW average rate for January 2024 is 0.03147, the change between 01/01/2024 and 31/01/2024 is -2.56 %.

01 January 20241 IRR = 0.0308 KRW
02 January 20241 IRR = 0.0308 KRW
03 January 20241 IRR = 0.0311 KRW
04 January 20241 IRR = 0.0312 KRW
05 January 20241 IRR = 0.0312 KRW
06 January 20241 IRR = 0.0313 KRW
07 January 20241 IRR = 0.0313 KRW
08 January 20241 IRR = 0.0313 KRW
09 January 20241 IRR = 0.0312 KRW
10 January 20241 IRR = 0.0314 KRW
11 January 20241 IRR = 0.0314 KRW
12 January 20241 IRR = 0.0312 KRW
14 January 20241 IRR = 0.0313 KRW
15 January 20241 IRR = 0.0313 KRW
16 January 20241 IRR = 0.0314 KRW
17 January 20241 IRR = 0.0319 KRW
18 January 20241 IRR = 0.0320 KRW
19 January 20241 IRR = 0.0318 KRW
22 January 20241 IRR = 0.0317 KRW
23 January 20241 IRR = 0.0319 KRW
24 January 20241 IRR = 0.0318 KRW
25 January 20241 IRR = 0.0316 KRW
26 January 20241 IRR = 0.0318 KRW
28 January 20241 IRR = 0.0318 KRW
29 January 20241 IRR = 0.0318 KRW
30 January 20241 IRR = 0.0317 KRW
31 January 20241 IRR = 0.0316 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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IRR KRW January 2024
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IRR KRW July 2024