Historic South Korean Won Albanian lek

South Korean Won albanian lek history for January 2024. The highest quote for this month is 0.072061 (08/01/2024) and the lowest 0.071685 (02/01/2024). The difference between high and low is 0.52.

KRW ALL average rate for January 2024 is 0.07088, the change between 01/01/2024 and 31/01/2024 is -1.83 %.

01 January 20241 KRW = 0.0707 ALL
02 January 20241 KRW = 0.0708 ALL
03 January 20241 KRW = 0.0717 ALL
04 January 20241 KRW = 0.0716 ALL
05 January 20241 KRW = 0.0707 ALL
08 January 20241 KRW = 0.0709 ALL
09 January 20241 KRW = 0.0722 ALL
10 January 20241 KRW = 0.0706 ALL
11 January 20241 KRW = 0.0705 ALL
12 January 20241 KRW = 0.0704 ALL
15 January 20241 KRW = 0.0705 ALL
16 January 20241 KRW = 0.0700 ALL
17 January 20241 KRW = 0.0695 ALL
18 January 20241 KRW = 0.0708 ALL
19 January 20241 KRW = 0.0711 ALL
22 January 20241 KRW = 0.0698 ALL
23 January 20241 KRW = 0.0710 ALL
24 January 20241 KRW = 0.0713 ALL
25 January 20241 KRW = 0.0713 ALL
26 January 20241 KRW = 0.0714 ALL
29 January 20241 KRW = 0.0699 ALL
30 January 20241 KRW = 0.0717 ALL
31 January 20241 KRW = 0.0720 ALL

31/12/2011: Replacement of 1 Lek coin

The 1 lek coin was demonetized and replaced by a banknote. The decision was made due to the high cost of producing the coin.

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.

08/02/2000: Introduction of new banknotes and coins

A new series of banknotes and coins were introduced, featuring enhanced security features and updated designs.

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.

02/03/1997: Collapse of pyramid schemes

The collapse of pyramid schemes in Albania caused a severe economic crisis, resulting in hyperinflation and a significant devaluation of the lek.

26/06/1992: Transition to a market economy

Albania transitioned to a market economy, leading to a significant depreciation of the lek. The exchange rate changed to 1 lek = 9.3 old lek.

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.

01/10/1965: Introduction of the new lek

A new series of banknotes and coins were introduced, marking the transition to the new lek. The exchange rate was set at 1 new lek = 10 old lek.

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.

22/12/1947: Albania becomes a communist state

Following the establishment of a communist regime in Albania, the currency underwent a major devaluation, with the exchange rate changing to 1 lek = 12.5 old lek.

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.

01/09/1926: Introduction of the Albanian lek

The lek was introduced as the official currency of Albania, replacing the previous currency, the Turkish lira. The exchange rate was set at 1 lek = 35 Turkish lira.