Historic South Korean Won Iraqi dinar

South Korean Won iraqi dinar history for January 2024. The highest quote for this month is 0.9964 (14/01/2024) and the lowest 0.9968 (14/01/2024). The difference between high and low is -0.04.

KRW IQD average rate for January 2024 is 0.98254, the change between 01/01/2024 and 31/01/2024 is +0.69 %.

01 January 20241 KRW = 0.9929 IQD
02 January 20241 KRW = 0.9938 IQD
03 January 20241 KRW = 1.000 IQD
04 January 20241 KRW = 0.9988 IQD
05 January 20241 KRW = 0.9975 IQD
06 January 20241 KRW = 0.9951 IQD
07 January 20241 KRW = 0.9961 IQD
08 January 20241 KRW = 0.9740 IQD
09 January 20241 KRW = 0.9971 IQD
10 January 20241 KRW = 0.9714 IQD
11 January 20241 KRW = 0.9928 IQD
12 January 20241 KRW = 0.9778 IQD
14 January 20241 KRW = 0.9968 IQD
15 January 20241 KRW = 0.9756 IQD
16 January 20241 KRW = 0.9710 IQD
17 January 20241 KRW = 0.9600 IQD
18 January 20241 KRW = 0.9739 IQD
19 January 20241 KRW = 0.9778 IQD
22 January 20241 KRW = 0.9612 IQD
23 January 20241 KRW = 0.9770 IQD
24 January 20241 KRW = 0.9785 IQD
25 January 20241 KRW = 0.9835 IQD
26 January 20241 KRW = 0.9790 IQD
28 January 20241 KRW = 0.9793 IQD
29 January 20241 KRW = 0.9603 IQD
30 January 20241 KRW = 0.9811 IQD
31 January 20241 KRW = 0.9860 IQD

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

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.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

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.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.
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