Historic Moroccan dirham South Korean Won

Moroccan dirham south korean won history for August 2023. The highest quote for this month is 140.4 (09/08/2023) and the lowest 140.38 (21/08/2023). The difference between high and low is 0.01.

MAD KRW average rate for August 2023 is 135.42077, the change between 01/08/2023 and 31/08/2023 is -4.08 %.

01 August 20231 MAD = 129.8 KRW
02 August 20231 MAD = 130.7 KRW
03 August 20231 MAD = 134.8 KRW
04 August 20231 MAD = 132.0 KRW
07 August 20231 MAD = 139.2 KRW
08 August 20231 MAD = 137.3 KRW
09 August 20231 MAD = 140.3 KRW
10 August 20231 MAD = 139.5 KRW
11 August 20231 MAD = 139.2 KRW
12 August 20231 MAD = 134.2 KRW
14 August 20231 MAD = 140.0 KRW
15 August 20231 MAD = 135.4 KRW
16 August 20231 MAD = 135.6 KRW
17 August 20231 MAD = 135.7 KRW
18 August 20231 MAD = 134.9 KRW
19 August 20231 MAD = 134.1 KRW
20 August 20231 MAD = 134.1 KRW
21 August 20231 MAD = 140.7 KRW
22 August 20231 MAD = 134.4 KRW
23 August 20231 MAD = 134.1 KRW
24 August 20231 MAD = 132.9 KRW
25 August 20231 MAD = 132.1 KRW
28 August 20231 MAD = 136.2 KRW
29 August 20231 MAD = 134.2 KRW
30 August 20231 MAD = 134.5 KRW
31 August 20231 MAD = 135.1 KRW

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the 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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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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