Historic Maldivian rufiyaa South Korean Won

Maldivian rufiyaa south korean won history for February 2024. The highest quote for this month is 88.488 (13/02/2024) and the lowest 87.764 (14/02/2024). The difference between high and low is 0.82.

MVR KRW average rate for February 2024 is 87.2667, the change between 01/02/2024 and 29/02/2024 is -0.29 %.

01 February 20241 MVR = 87.41 KRW
02 February 20241 MVR = 87.14 KRW
03 February 20241 MVR = 86.76 KRW
04 February 20241 MVR = 86.76 KRW
05 February 20241 MVR = 87.72 KRW
06 February 20241 MVR = 87.44 KRW
07 February 20241 MVR = 87.12 KRW
08 February 20241 MVR = 87.06 KRW
09 February 20241 MVR = 87.60 KRW
12 February 20241 MVR = 87.79 KRW
13 February 20241 MVR = 87.69 KRW
14 February 20241 MVR = 88.50 KRW
15 February 20241 MVR = 87.24 KRW
16 February 20241 MVR = 87.06 KRW
17 February 20241 MVR = 86.32 KRW
18 February 20241 MVR = 86.32 KRW
19 February 20241 MVR = 87.32 KRW
20 February 20241 MVR = 87.43 KRW
21 February 20241 MVR = 87.75 KRW
22 February 20241 MVR = 87.69 KRW
23 February 20241 MVR = 87.31 KRW
24 February 20241 MVR = 86.25 KRW
25 February 20241 MVR = 86.25 KRW
26 February 20241 MVR = 87.50 KRW
27 February 20241 MVR = 87.56 KRW
28 February 20241 MVR = 87.56 KRW
29 February 20241 MVR = 87.67 KRW

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

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.
MVR KRW January 2024
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