Historic Kuwaiti Dinar South Korean Won

Kuwaiti Dinar south korean won history for July 2023. The highest quote for this month is 4285.37 (03/07/2023) and the lowest 4243.64 (03/07/2023). The difference between high and low is 0.97.

KWD KRW average rate for July 2023 is 4191.9419, the change between 01/07/2023 and 31/07/2023 is +3.1 %.

03 July 20231 KWD = 4284.64 KRW
04 July 20231 KWD = 4255.51 KRW
05 July 20231 KWD = 4223.45 KRW
06 July 20231 KWD = 4246.69 KRW
07 July 20231 KWD = 4267.62 KRW
10 July 20231 KWD = 4234.37 KRW
11 July 20231 KWD = 4241.04 KRW
12 July 20231 KWD = 4213.87 KRW
13 July 20231 KWD = 4164.46 KRW
14 July 20231 KWD = 4144.17 KRW
17 July 20231 KWD = 4148.16 KRW
18 July 20231 KWD = 4135.46 KRW
19 July 20231 KWD = 4134.33 KRW
20 July 20231 KWD = 4133.20 KRW
21 July 20231 KWD = 4172.60 KRW
24 July 20231 KWD = 4193.52 KRW
25 July 20231 KWD = 4177.37 KRW
26 July 20231 KWD = 4159.03 KRW
27 July 20231 KWD = 4161.37 KRW
28 July 20231 KWD = 4188.30 KRW
31 July 20231 KWD = 4151.62 KRW

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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.