South Korean Won moroccan dirham exchange rate history (KRW MAD) October 2023

South Korean Won moroccan dirham history for October 2023. The highest quote for this month is 0.007652 (21/10/2023) and the lowest 0.007652 (21/10/2023). The difference between high and low is 0.

KRW MAD average rate for October 2023 is 0.00755, the change between 01/10/2023 and 31/10/2023 is -0.25 %.

01 October 2023	1 KRW = 0.0076 MAD
02 October 2023	1 KRW = 0.0074 MAD
03 October 2023	1 KRW = 0.0076 MAD
04 October 2023	1 KRW = 0.0076 MAD
05 October 2023	1 KRW = 0.0076 MAD
06 October 2023	1 KRW = 0.0074 MAD
07 October 2023	1 KRW = 0.0076 MAD
09 October 2023	1 KRW = 0.0073 MAD
10 October 2023	1 KRW = 0.0075 MAD
11 October 2023	1 KRW = 0.0076 MAD
12 October 2023	1 KRW = 0.0076 MAD
13 October 2023	1 KRW = 0.0076 MAD
16 October 2023	1 KRW = 0.0073 MAD
17 October 2023	1 KRW = 0.0076 MAD
18 October 2023	1 KRW = 0.0076 MAD
19 October 2023	1 KRW = 0.0073 MAD
20 October 2023	1 KRW = 0.0076 MAD
21 October 2023	1 KRW = 0.0077 MAD
22 October 2023	1 KRW = 0.0077 MAD
23 October 2023	1 KRW = 0.0074 MAD
24 October 2023	1 KRW = 0.0077 MAD
25 October 2023	1 KRW = 0.0077 MAD
26 October 2023	1 KRW = 0.0076 MAD
27 October 2023	1 KRW = 0.0076 MAD
28 October 2023	1 KRW = 0.0076 MAD
29 October 2023	1 KRW = 0.0076 MAD
30 October 2023	1 KRW = 0.0073 MAD
31 October 2023	1 KRW = 0.0076 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.

Historic South Korean Won Moroccan dirham