Historic South Korean Won Arab Emirates Dirham

South Korean Won arab emirates dirham history for November 2023. The highest quote for this month is 0.00284 (21/11/2023) and the lowest 0.00286 (21/11/2023). The difference between high and low is -0.7.

KRW AED average rate for November 2023 is 0.00281, the change between 01/11/2023 and 30/11/2023 is -4.78 %.

01 November 20231 KRW = 0.0027 AED
02 November 20231 KRW = 0.0027 AED
03 November 20231 KRW = 0.0028 AED
06 November 20231 KRW = 0.0028 AED
07 November 20231 KRW = 0.0028 AED
08 November 20231 KRW = 0.0028 AED
09 November 20231 KRW = 0.0028 AED
10 November 20231 KRW = 0.0028 AED
12 November 20231 KRW = 0.0028 AED
13 November 20231 KRW = 0.0028 AED
14 November 20231 KRW = 0.0028 AED
15 November 20231 KRW = 0.0028 AED
16 November 20231 KRW = 0.0028 AED
17 November 20231 KRW = 0.0028 AED
18 November 20231 KRW = 0.0028 AED
19 November 20231 KRW = 0.0028 AED
20 November 20231 KRW = 0.0028 AED
21 November 20231 KRW = 0.0029 AED
22 November 20231 KRW = 0.0028 AED
23 November 20231 KRW = 0.0028 AED
24 November 20231 KRW = 0.0028 AED
26 November 20231 KRW = 0.0028 AED
27 November 20231 KRW = 0.0028 AED
28 November 20231 KRW = 0.0028 AED
29 November 20231 KRW = 0.0029 AED
30 November 20231 KRW = 0.0029 AED

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its 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.

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.
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