Historic Moroccan dirham South Korean Won

Moroccan dirham south korean won history for December 2023. The highest quote for this month is 135.73 (29/12/2023) and the lowest 135.38 (27/12/2023). The difference between high and low is 0.26.

MAD KRW average rate for December 2023 is 130.64643, the change between 01/12/2023 and 31/12/2023 is +2.68 %.

01 December 20231 MAD = 132.8 KRW
02 December 20231 MAD = 128.3 KRW
03 December 20231 MAD = 128.3 KRW
04 December 20231 MAD = 133.1 KRW
05 December 20231 MAD = 129.8 KRW
06 December 20231 MAD = 130.1 KRW
07 December 20231 MAD = 130.1 KRW
08 December 20231 MAD = 129.9 KRW
10 December 20231 MAD = 129.6 KRW
11 December 20231 MAD = 133.9 KRW
12 December 20231 MAD = 133.2 KRW
13 December 20231 MAD = 133.1 KRW
14 December 20231 MAD = 126.8 KRW
15 December 20231 MAD = 128.2 KRW
16 December 20231 MAD = 128.5 KRW
17 December 20231 MAD = 128.5 KRW
18 December 20231 MAD = 129.8 KRW
19 December 20231 MAD = 133.0 KRW
20 December 20231 MAD = 128.5 KRW
21 December 20231 MAD = 129.2 KRW
22 December 20231 MAD = 129.7 KRW
23 December 20231 MAD = 130.8 KRW
24 December 20231 MAD = 130.8 KRW
25 December 20231 MAD = 135.3 KRW
26 December 20231 MAD = 134.9 KRW
27 December 20231 MAD = 130.6 KRW
28 December 20231 MAD = 132.2 KRW
29 December 20231 MAD = 129.3 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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