South Korean Won kazakhstani tenge exchange rate history (KRW KZT) December 2023

South Korean Won kazakhstani tenge history for December 2023. The highest quote for this month is 0.35635 (02/12/2023) and the lowest 0.35956 (29/12/2023). The difference between high and low is -0.9.

KRW KZT average rate for December 2023 is 0.35164, the change between 01/12/2023 and 31/12/2023 is -0.74 %.

01 December 2023	1 KRW = 0.3523 KZT
02 December 2023	1 KRW = 0.3566 KZT
03 December 2023	1 KRW = 0.3564 KZT
04 December 2023	1 KRW = 0.3534 KZT
05 December 2023	1 KRW = 0.3514 KZT
06 December 2023	1 KRW = 0.3490 KZT
07 December 2023	1 KRW = 0.3493 KZT
08 December 2023	1 KRW = 0.3479 KZT
10 December 2023	1 KRW = 0.3481 KZT
11 December 2023	1 KRW = 0.3470 KZT
12 December 2023	1 KRW = 0.3475 KZT
13 December 2023	1 KRW = 0.3468 KZT
14 December 2023	1 KRW = 0.3529 KZT
15 December 2023	1 KRW = 0.3513 KZT
16 December 2023	1 KRW = 0.3524 KZT
17 December 2023	1 KRW = 0.3524 KZT
18 December 2023	1 KRW = 0.3593 KZT
19 December 2023	1 KRW = 0.3501 KZT
20 December 2023	1 KRW = 0.3503 KZT
21 December 2023	1 KRW = 0.3497 KZT
22 December 2023	1 KRW = 0.3542 KZT
23 December 2023	1 KRW = 0.3525 KZT
24 December 2023	1 KRW = 0.3524 KZT
25 December 2023	1 KRW = 0.3519 KZT
26 December 2023	1 KRW = 0.3527 KZT
27 December 2023	1 KRW = 0.3531 KZT
28 December 2023	1 KRW = 0.3502 KZT
29 December 2023	1 KRW = 0.3549 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

Historic South Korean Won Kazakhstani tenge