Lebanese pound south korean won exchange rate history (LBP KRW) August 2023

Lebanese pound south korean won history for August 2023. The highest quote for this month is 0.089607 (18/08/2023) and the lowest 0.089488 (21/08/2023). The difference between high and low is 0.13.

LBP KRW average rate for August 2023 is 0.0882, the change between 01/08/2023 and 31/08/2023 is -3.61 %.

01 August 2023	1 LBP = 0.0851 KRW
02 August 2023	1 LBP = 0.0859 KRW
03 August 2023	1 LBP = 0.0864 KRW
04 August 2023	1 LBP = 0.0864 KRW
07 August 2023	1 LBP = 0.0876 KRW
08 August 2023	1 LBP = 0.0874 KRW
09 August 2023	1 LBP = 0.0880 KRW
10 August 2023	1 LBP = 0.0877 KRW
11 August 2023	1 LBP = 0.0880 KRW
12 August 2023	1 LBP = 0.0883 KRW
14 August 2023	1 LBP = 0.0885 KRW
15 August 2023	1 LBP = 0.0890 KRW
16 August 2023	1 LBP = 0.0892 KRW
17 August 2023	1 LBP = 0.0895 KRW
18 August 2023	1 LBP = 0.0893 KRW
19 August 2023	1 LBP = 0.0893 KRW
20 August 2023	1 LBP = 0.0893 KRW
21 August 2023	1 LBP = 0.0897 KRW
22 August 2023	1 LBP = 0.0892 KRW
23 August 2023	1 LBP = 0.0893 KRW
24 August 2023	1 LBP = 0.0885 KRW
25 August 2023	1 LBP = 0.0884 KRW
28 August 2023	1 LBP = 0.0883 KRW
29 August 2023	1 LBP = 0.0883 KRW
30 August 2023	1 LBP = 0.0882 KRW
31 August 2023	1 LBP = 0.0882 KRW

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

01/01/1998: 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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

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.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

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.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

Historic Lebanese pound South Korean Won