Historic South Korean Won Saudi riyal

South Korean Won saudi riyal history for November 2023. The highest quote for this month is 0.002899 (29/11/2023) and the lowest 0.002917 (21/11/2023). The difference between high and low is -0.62.

KRW SAR average rate for November 2023 is 0.00287, the change between 01/11/2023 and 30/11/2023 is -4.79 %.

01 November 20231 KRW = 0.0028 SAR
02 November 20231 KRW = 0.0028 SAR
03 November 20231 KRW = 0.0028 SAR
06 November 20231 KRW = 0.0029 SAR
07 November 20231 KRW = 0.0029 SAR
08 November 20231 KRW = 0.0029 SAR
09 November 20231 KRW = 0.0029 SAR
10 November 20231 KRW = 0.0028 SAR
12 November 20231 KRW = 0.0028 SAR
13 November 20231 KRW = 0.0028 SAR
14 November 20231 KRW = 0.0028 SAR
15 November 20231 KRW = 0.0029 SAR
16 November 20231 KRW = 0.0029 SAR
17 November 20231 KRW = 0.0029 SAR
18 November 20231 KRW = 0.0029 SAR
19 November 20231 KRW = 0.0029 SAR
20 November 20231 KRW = 0.0029 SAR
21 November 20231 KRW = 0.0029 SAR
22 November 20231 KRW = 0.0029 SAR
23 November 20231 KRW = 0.0029 SAR
24 November 20231 KRW = 0.0029 SAR
26 November 20231 KRW = 0.0029 SAR
27 November 20231 KRW = 0.0029 SAR
28 November 20231 KRW = 0.0029 SAR
29 November 20231 KRW = 0.0029 SAR
30 November 20231 KRW = 0.0029 SAR

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
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