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

South Korean Won kazakhstani tenge history for October 2023. The highest quote for this month is 0.35545 (07/10/2023) and the lowest 0.35524 (12/10/2023). The difference between high and low is 0.06.

KRW KZT average rate for October 2023 is 0.35144, the change between 01/10/2023 and 31/10/2023 is +1.56 %.

01 October 2023	1 KRW = 0.3531 KZT
02 October 2023	1 KRW = 0.3521 KZT
03 October 2023	1 KRW = 0.3505 KZT
04 October 2023	1 KRW = 0.3489 KZT
05 October 2023	1 KRW = 0.3512 KZT
06 October 2023	1 KRW = 0.3523 KZT
07 October 2023	1 KRW = 0.3549 KZT
09 October 2023	1 KRW = 0.3516 KZT
10 October 2023	1 KRW = 0.3528 KZT
11 October 2023	1 KRW = 0.3537 KZT
12 October 2023	1 KRW = 0.3550 KZT
13 October 2023	1 KRW = 0.3512 KZT
16 October 2023	1 KRW = 0.3507 KZT
17 October 2023	1 KRW = 0.3520 KZT
18 October 2023	1 KRW = 0.3508 KZT
19 October 2023	1 KRW = 0.3516 KZT
20 October 2023	1 KRW = 0.3517 KZT
21 October 2023	1 KRW = 0.3545 KZT
22 October 2023	1 KRW = 0.3545 KZT
23 October 2023	1 KRW = 0.3526 KZT
24 October 2023	1 KRW = 0.3558 KZT
25 October 2023	1 KRW = 0.3529 KZT
26 October 2023	1 KRW = 0.3504 KZT
27 October 2023	1 KRW = 0.3493 KZT
28 October 2023	1 KRW = 0.3471 KZT
29 October 2023	1 KRW = 0.3471 KZT
30 October 2023	1 KRW = 0.3442 KZT
31 October 2023	1 KRW = 0.3476 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