South Korean Won nigerian naira exchange rate history (KRW NGN) December 2023

South Korean Won nigerian naira history for December 2023. The highest quote for this month is 0.69843 (27/12/2023) and the lowest 0.71147 (29/12/2023). The difference between high and low is -1.87.

KRW NGN average rate for December 2023 is 0.6341, the change between 01/12/2023 and 31/12/2023 is -15.22 %.

01 December 2023	1 KRW = 0.6093 NGN
02 December 2023	1 KRW = 0.6094 NGN
03 December 2023	1 KRW = 0.6090 NGN
04 December 2023	1 KRW = 0.6069 NGN
05 December 2023	1 KRW = 0.6106 NGN
06 December 2023	1 KRW = 0.6106 NGN
07 December 2023	1 KRW = 0.6112 NGN
08 December 2023	1 KRW = 0.6098 NGN
10 December 2023	1 KRW = 0.6001 NGN
11 December 2023	1 KRW = 0.6100 NGN
12 December 2023	1 KRW = 0.6037 NGN
13 December 2023	1 KRW = 0.6121 NGN
14 December 2023	1 KRW = 0.6207 NGN
15 December 2023	1 KRW = 0.6119 NGN
16 December 2023	1 KRW = 0.6067 NGN
17 December 2023	1 KRW = 0.6067 NGN
18 December 2023	1 KRW = 0.6287 NGN
19 December 2023	1 KRW = 0.6059 NGN
20 December 2023	1 KRW = 0.6165 NGN
21 December 2023	1 KRW = 0.6357 NGN
22 December 2023	1 KRW = 0.6388 NGN
23 December 2023	1 KRW = 0.6981 NGN
24 December 2023	1 KRW = 0.6955 NGN
25 December 2023	1 KRW = 0.6963 NGN
26 December 2023	1 KRW = 0.6984 NGN
27 December 2023	1 KRW = 0.6991 NGN
28 December 2023	1 KRW = 0.6913 NGN
29 December 2023	1 KRW = 0.7020 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

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.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

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.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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 Nigerian Naira