South Korean Won indonesian rupiah exchange rate history (KRW IDR) December 2023

South Korean Won indonesian rupiah history for December 2023. The highest quote for this month is 11.995 (02/12/2023) and the lowest 11.995 (28/12/2023). The difference between high and low is 0.

KRW IDR average rate for December 2023 is 11.89976, the change between 01/12/2023 and 31/12/2023 is -0.66 %.

01 December 2023	1 KRW = 11.99 IDR
02 December 2023	1 KRW = 11.97 IDR
03 December 2023	1 KRW = 11.96 IDR
04 December 2023	1 KRW = 11.88 IDR
05 December 2023	1 KRW = 11.87 IDR
06 December 2023	1 KRW = 11.77 IDR
07 December 2023	1 KRW = 11.78 IDR
08 December 2023	1 KRW = 11.81 IDR
09 December 2023	1 KRW = 11.87 IDR
10 December 2023	1 KRW = 11.77 IDR
11 December 2023	1 KRW = 11.82 IDR
12 December 2023	1 KRW = 11.91 IDR
13 December 2023	1 KRW = 11.88 IDR
14 December 2023	1 KRW = 11.82 IDR
15 December 2023	1 KRW = 11.97 IDR
16 December 2023	1 KRW = 11.91 IDR
17 December 2023	1 KRW = 11.91 IDR
18 December 2023	1 KRW = 11.97 IDR
19 December 2023	1 KRW = 11.86 IDR
20 December 2023	1 KRW = 11.91 IDR
21 December 2023	1 KRW = 11.97 IDR
22 December 2023	1 KRW = 11.95 IDR
23 December 2023	1 KRW = 11.93 IDR
24 December 2023	1 KRW = 11.93 IDR
25 December 2023	1 KRW = 11.88 IDR
26 December 2023	1 KRW = 11.94 IDR
27 December 2023	1 KRW = 11.90 IDR
28 December 2023	1 KRW = 11.87 IDR
29 December 2023	1 KRW = 12.07 IDR

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

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: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

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.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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 Indonesian Rupiah