Historic South Korean Won Guinean franc

South Korean Won guinean franc history for July 2023. The highest quote for this month is 6.7372 (19/07/2023) and the lowest 6.7688 (18/07/2023). The difference between high and low is -0.47.

KRW GNF average rate for July 2023 is 6.6469, the change between 01/07/2023 and 31/07/2023 is -3.71 %.

03 July 20231 KRW = 6.43 GNF
04 July 20231 KRW = 6.55 GNF
05 July 20231 KRW = 6.57 GNF
06 July 20231 KRW = 6.56 GNF
07 July 20231 KRW = 6.53 GNF
10 July 20231 KRW = 6.51 GNF
11 July 20231 KRW = 6.58 GNF
12 July 20231 KRW = 6.62 GNF
13 July 20231 KRW = 6.71 GNF
14 July 20231 KRW = 6.75 GNF
17 July 20231 KRW = 6.70 GNF
18 July 20231 KRW = 6.76 GNF
19 July 20231 KRW = 6.76 GNF
20 July 20231 KRW = 6.76 GNF
21 July 20231 KRW = 6.69 GNF
24 July 20231 KRW = 6.62 GNF
25 July 20231 KRW = 6.72 GNF
26 July 20231 KRW = 6.71 GNF
27 July 20231 KRW = 6.71 GNF
28 July 20231 KRW = 6.66 GNF
31 July 20231 KRW = 6.67 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.