Historic Iraqi dinar South Korean Won

Iraqi dinar south korean won history for January 2024. The highest quote for this month is 1.0513 (17/01/2024) and the lowest 1.0427 (18/01/2024). The difference between high and low is 0.82.

IQD KRW average rate for January 2024 is 1.01793, the change between 01/01/2024 and 31/01/2024 is -0.69 %.

01 January 20241 IQD = 1.007 KRW
02 January 20241 IQD = 1.006 KRW
03 January 20241 IQD = 0.9997 KRW
04 January 20241 IQD = 1.001 KRW
05 January 20241 IQD = 1.003 KRW
06 January 20241 IQD = 1.005 KRW
07 January 20241 IQD = 1.004 KRW
08 January 20241 IQD = 1.027 KRW
09 January 20241 IQD = 1.003 KRW
10 January 20241 IQD = 1.030 KRW
11 January 20241 IQD = 1.007 KRW
12 January 20241 IQD = 1.023 KRW
14 January 20241 IQD = 1.003 KRW
15 January 20241 IQD = 1.025 KRW
16 January 20241 IQD = 1.030 KRW
17 January 20241 IQD = 1.042 KRW
18 January 20241 IQD = 1.027 KRW
19 January 20241 IQD = 1.023 KRW
22 January 20241 IQD = 1.040 KRW
23 January 20241 IQD = 1.024 KRW
24 January 20241 IQD = 1.022 KRW
25 January 20241 IQD = 1.017 KRW
26 January 20241 IQD = 1.021 KRW
28 January 20241 IQD = 1.021 KRW
29 January 20241 IQD = 1.041 KRW
30 January 20241 IQD = 1.019 KRW
31 January 20241 IQD = 1.014 KRW

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

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.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

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.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

22/06/1962: 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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.
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