Kazakhstani tenge south korean won exchange rate history (KZT KRW) December 2023

Kazakhstani tenge south korean won history for December 2023. The highest quote for this month is 2.8966 (13/12/2023) and the lowest 2.8841 (11/12/2023). The difference between high and low is 0.43.

KZT KRW average rate for December 2023 is 2.84404, the change between 01/12/2023 and 31/12/2023 is +0.74 %.

01 December 2023	1 KZT = 2.839 KRW
02 December 2023	1 KZT = 2.804 KRW
03 December 2023	1 KZT = 2.806 KRW
04 December 2023	1 KZT = 2.830 KRW
05 December 2023	1 KZT = 2.846 KRW
06 December 2023	1 KZT = 2.865 KRW
07 December 2023	1 KZT = 2.863 KRW
08 December 2023	1 KZT = 2.875 KRW
10 December 2023	1 KZT = 2.873 KRW
11 December 2023	1 KZT = 2.882 KRW
12 December 2023	1 KZT = 2.878 KRW
13 December 2023	1 KZT = 2.884 KRW
14 December 2023	1 KZT = 2.834 KRW
15 December 2023	1 KZT = 2.847 KRW
16 December 2023	1 KZT = 2.838 KRW
17 December 2023	1 KZT = 2.838 KRW
18 December 2023	1 KZT = 2.783 KRW
19 December 2023	1 KZT = 2.856 KRW
20 December 2023	1 KZT = 2.855 KRW
21 December 2023	1 KZT = 2.860 KRW
22 December 2023	1 KZT = 2.823 KRW
23 December 2023	1 KZT = 2.837 KRW
24 December 2023	1 KZT = 2.838 KRW
25 December 2023	1 KZT = 2.841 KRW
26 December 2023	1 KZT = 2.835 KRW
27 December 2023	1 KZT = 2.832 KRW
28 December 2023	1 KZT = 2.856 KRW
29 December 2023	1 KZT = 2.818 KRW

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

Historic Kazakhstani tenge South Korean Won