South Korean Won cayman islands dollar exchange rate history (KRW KYD) January 2024

South Korean Won cayman islands dollar history for January 2024. The highest quote for this month is 0.000632 (01/01/2024) and the lowest 0.000632 (01/01/2024). The difference between high and low is 0.

KRW KYD average rate for January 2024 is 0.00062, the change between 01/01/2024 and 31/01/2024 is +2.85 %.

01 January 2024	1 KRW = 0.0006 KYD
02 January 2024	1 KRW = 0.0006 KYD
03 January 2024	1 KRW = 0.0006 KYD
04 January 2024	1 KRW = 0.0006 KYD
05 January 2024	1 KRW = 0.0006 KYD
06 January 2024	1 KRW = 0.0006 KYD
07 January 2024	1 KRW = 0.0006 KYD
08 January 2024	1 KRW = 0.0006 KYD
09 January 2024	1 KRW = 0.0006 KYD
10 January 2024	1 KRW = 0.0006 KYD
11 January 2024	1 KRW = 0.0006 KYD
12 January 2024	1 KRW = 0.0006 KYD
13 January 2024	1 KRW = 0.0006 KYD
14 January 2024	1 KRW = 0.0006 KYD
15 January 2024	1 KRW = 0.0006 KYD
16 January 2024	1 KRW = 0.0006 KYD
17 January 2024	1 KRW = 0.0006 KYD
18 January 2024	1 KRW = 0.0006 KYD
19 January 2024	1 KRW = 0.0006 KYD
22 January 2024	1 KRW = 0.0006 KYD
23 January 2024	1 KRW = 0.0006 KYD
24 January 2024	1 KRW = 0.0006 KYD
25 January 2024	1 KRW = 0.0006 KYD
26 January 2024	1 KRW = 0.0006 KYD
28 January 2024	1 KRW = 0.0006 KYD
29 January 2024	1 KRW = 0.0006 KYD
30 January 2024	1 KRW = 0.0006 KYD
31 January 2024	1 KRW = 0.0006 KYD

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

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.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

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.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

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 South Korean Won Cayman Islands dollar