Historic South Korean Won Moroccan dirham

South Korean Won moroccan dirham history for January 2024. The highest quote for this month is 0.007585 (06/01/2024) and the lowest 0.007556 (14/01/2024). The difference between high and low is 0.38.

KRW MAD average rate for January 2024 is 0.00745, the change between 01/01/2024 and 31/01/2024 is -1.49 %.

01 January 20241 KRW = 0.0074 MAD
02 January 20241 KRW = 0.0074 MAD
03 January 20241 KRW = 0.0076 MAD
04 January 20241 KRW = 0.0076 MAD
05 January 20241 KRW = 0.0075 MAD
06 January 20241 KRW = 0.0076 MAD
07 January 20241 KRW = 0.0075 MAD
08 January 20241 KRW = 0.0073 MAD
09 January 20241 KRW = 0.0076 MAD
10 January 20241 KRW = 0.0073 MAD
11 January 20241 KRW = 0.0075 MAD
12 January 20241 KRW = 0.0076 MAD
14 January 20241 KRW = 0.0076 MAD
15 January 20241 KRW = 0.0073 MAD
16 January 20241 KRW = 0.0073 MAD
17 January 20241 KRW = 0.0072 MAD
18 January 20241 KRW = 0.0074 MAD
19 January 20241 KRW = 0.0075 MAD
22 January 20241 KRW = 0.0072 MAD
23 January 20241 KRW = 0.0074 MAD
24 January 20241 KRW = 0.0075 MAD
25 January 20241 KRW = 0.0075 MAD
26 January 20241 KRW = 0.0075 MAD
28 January 20241 KRW = 0.0075 MAD
29 January 20241 KRW = 0.0072 MAD
30 January 20241 KRW = 0.0075 MAD
31 January 20241 KRW = 0.0075 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.
KRW MAD January 2024
KRW MAD February 2024
KRW MAD March 2024
KRW MAD April 2024
KRW MAD May 2024
KRW MAD June 2024
KRW MAD July 2024
KRW MAD August 2024
KRW MAD September 2024
KRW MAD October 2024
KRW MAD November 2024
KRW MAD December 2024
KRW MAD January 2025