Historic South Korean Won Guinean franc

South Korean Won guinean franc history for December 2023. The highest quote for this month is 6.5849 (02/12/2023) and the lowest 6.7627 (29/12/2023). The difference between high and low is -2.7.

KRW GNF average rate for December 2023 is 6.55005, the change between 01/12/2023 and 31/12/2023 is -0.74 %.

01 December 20231 KRW = 6.56 GNF
02 December 20231 KRW = 6.59 GNF
03 December 20231 KRW = 6.57 GNF
04 December 20231 KRW = 6.56 GNF
05 December 20231 KRW = 6.51 GNF
06 December 20231 KRW = 6.49 GNF
07 December 20231 KRW = 6.49 GNF
08 December 20231 KRW = 6.49 GNF
10 December 20231 KRW = 6.46 GNF
11 December 20231 KRW = 6.48 GNF
12 December 20231 KRW = 6.50 GNF
13 December 20231 KRW = 6.50 GNF
14 December 20231 KRW = 6.59 GNF
15 December 20231 KRW = 6.61 GNF
16 December 20231 KRW = 6.54 GNF
17 December 20231 KRW = 6.54 GNF
18 December 20231 KRW = 6.71 GNF
19 December 20231 KRW = 6.56 GNF
20 December 20231 KRW = 6.58 GNF
21 December 20231 KRW = 6.59 GNF
22 December 20231 KRW = 6.53 GNF
23 December 20231 KRW = 6.55 GNF
24 December 20231 KRW = 6.56 GNF
25 December 20231 KRW = 6.57 GNF
26 December 20231 KRW = 6.59 GNF
27 December 20231 KRW = 6.53 GNF
28 December 20231 KRW = 6.53 GNF
29 December 20231 KRW = 6.61 GNF

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old 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.

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.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis and high inflation.

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.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

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.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.

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.
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