Historic South Korean Won Cambodian Riel

South Korean Won cambodian riel history for August 2023. The highest quote for this month is 3.1931 (01/08/2023) and the lowest 3.1705 (01/08/2023). The difference between high and low is 0.71.

KRW KHR average rate for August 2023 is 3.09481, the change between 01/08/2023 and 31/08/2023 is +4.65 %.

01 August 20231 KRW = 3.224 KHR
02 August 20231 KRW = 3.197 KHR
03 August 20231 KRW = 3.123 KHR
04 August 20231 KRW = 3.183 KHR
07 August 20231 KRW = 3.084 KHR
08 August 20231 KRW = 3.082 KHR
09 August 20231 KRW = 3.069 KHR
10 August 20231 KRW = 3.078 KHR
11 August 20231 KRW = 3.067 KHR
12 August 20231 KRW = 3.114 KHR
14 August 20231 KRW = 3.053 KHR
15 August 20231 KRW = 3.090 KHR
16 August 20231 KRW = 3.080 KHR
17 August 20231 KRW = 3.072 KHR
18 August 20231 KRW = 3.081 KHR
19 August 20231 KRW = 3.085 KHR
20 August 20231 KRW = 3.085 KHR
21 August 20231 KRW = 3.012 KHR
22 August 20231 KRW = 3.086 KHR
23 August 20231 KRW = 3.087 KHR
24 August 20231 KRW = 3.114 KHR
25 August 20231 KRW = 3.117 KHR
28 August 20231 KRW = 3.069 KHR
29 August 20231 KRW = 3.069 KHR
30 August 20231 KRW = 3.072 KHR
31 August 20231 KRW = 3.074 KHR

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

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.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

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.

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

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.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

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.

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese Piastre.

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.