Historic South Korean Won Costa Rican colón

South Korean Won costa rican colón history for February 2024. The highest quote for this month is 0.38576 (17/02/2024) and the lowest 0.38962 (09/02/2024). The difference between high and low is -1.

KRW CRC average rate for February 2024 is 0.37914, the change between 01/02/2024 and 29/02/2024 is -0.29 %.

01 February 20241 KRW = 0.3741 CRC
02 February 20241 KRW = 0.3760 CRC
03 February 20241 KRW = 0.3831 CRC
04 February 20241 KRW = 0.3831 CRC
05 February 20241 KRW = 0.3797 CRC
06 February 20241 KRW = 0.3783 CRC
07 February 20241 KRW = 0.3800 CRC
08 February 20241 KRW = 0.3796 CRC
09 February 20241 KRW = 0.3786 CRC
12 February 20241 KRW = 0.3784 CRC
13 February 20241 KRW = 0.3791 CRC
14 February 20241 KRW = 0.3757 CRC
15 February 20241 KRW = 0.3803 CRC
16 February 20241 KRW = 0.3800 CRC
17 February 20241 KRW = 0.3858 CRC
18 February 20241 KRW = 0.3858 CRC
19 February 20241 KRW = 0.3781 CRC
20 February 20241 KRW = 0.3759 CRC
21 February 20241 KRW = 0.3759 CRC
22 February 20241 KRW = 0.3754 CRC
23 February 20241 KRW = 0.3783 CRC
24 February 20241 KRW = 0.3854 CRC
25 February 20241 KRW = 0.3854 CRC
26 February 20241 KRW = 0.3768 CRC
27 February 20241 KRW = 0.3762 CRC
28 February 20241 KRW = 0.3765 CRC
29 February 20241 KRW = 0.3752 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón 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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

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.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
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