South Korean Won south african rand exchange rate history (KRW ZAR) December 2023

South Korean Won south african rand history for December 2023. The highest quote for this month is 0.014491 (11/12/2023) and the lowest 0.014512 (08/12/2023). The difference between high and low is -0.14.

KRW ZAR average rate for December 2023 is 0.01431, the change between 01/12/2023 and 31/12/2023 is -0.01 %.

01 December 2023	1 KRW = 0.0145 ZAR
02 December 2023	1 KRW = 0.0144 ZAR
03 December 2023	1 KRW = 0.0144 ZAR
04 December 2023	1 KRW = 0.0143 ZAR
05 December 2023	1 KRW = 0.0144 ZAR
06 December 2023	1 KRW = 0.0144 ZAR
07 December 2023	1 KRW = 0.0144 ZAR
08 December 2023	1 KRW = 0.0143 ZAR
10 December 2023	1 KRW = 0.0144 ZAR
11 December 2023	1 KRW = 0.0144 ZAR
12 December 2023	1 KRW = 0.0145 ZAR
13 December 2023	1 KRW = 0.0144 ZAR
14 December 2023	1 KRW = 0.0144 ZAR
15 December 2023	1 KRW = 0.0142 ZAR
16 December 2023	1 KRW = 0.0141 ZAR
17 December 2023	1 KRW = 0.0141 ZAR
18 December 2023	1 KRW = 0.0143 ZAR
19 December 2023	1 KRW = 0.0143 ZAR
20 December 2023	1 KRW = 0.0141 ZAR
21 December 2023	1 KRW = 0.0141 ZAR
22 December 2023	1 KRW = 0.0141 ZAR
23 December 2023	1 KRW = 0.0142 ZAR
24 December 2023	1 KRW = 0.0142 ZAR
25 December 2023	1 KRW = 0.0142 ZAR
26 December 2023	1 KRW = 0.0142 ZAR
27 December 2023	1 KRW = 0.0144 ZAR
28 December 2023	1 KRW = 0.0142 ZAR
29 December 2023	1 KRW = 0.0145 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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 South African rand