Historic South Korean Won Burundian Franc

South Korean Won burundian franc history for January 2024. The highest quote for this month is 2.1899 (01/01/2024) and the lowest 2.1887 (01/01/2024). The difference between high and low is 0.05.

KRW BIF average rate for January 2024 is 2.14178, the change between 01/01/2024 and 31/01/2024 is +2.21 %.

01 January 20241 KRW = 2.187 BIF
02 January 20241 KRW = 2.189 BIF
03 January 20241 KRW = 2.164 BIF
04 January 20241 KRW = 2.161 BIF
05 January 20241 KRW = 2.160 BIF
06 January 20241 KRW = 2.155 BIF
07 January 20241 KRW = 2.157 BIF
08 January 20241 KRW = 2.144 BIF
09 January 20241 KRW = 2.160 BIF
10 January 20241 KRW = 2.139 BIF
11 January 20241 KRW = 2.150 BIF
12 January 20241 KRW = 2.159 BIF
14 January 20241 KRW = 2.159 BIF
15 January 20241 KRW = 2.149 BIF
16 January 20241 KRW = 2.138 BIF
17 January 20241 KRW = 2.115 BIF
18 January 20241 KRW = 2.109 BIF
19 January 20241 KRW = 2.120 BIF
22 January 20241 KRW = 2.118 BIF
23 January 20241 KRW = 2.116 BIF
24 January 20241 KRW = 2.120 BIF
25 January 20241 KRW = 2.133 BIF
26 January 20241 KRW = 2.124 BIF
28 January 20241 KRW = 2.123 BIF
29 January 20241 KRW = 2.117 BIF
30 January 20241 KRW = 2.126 BIF
31 January 20241 KRW = 2.139 BIF

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

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.