Historic Moroccan dirham South Korean Won

Moroccan dirham south korean won history for January 2024. The highest quote for this month is 139.47 (17/01/2024) and the lowest 138.29 (18/01/2024). The difference between high and low is 0.85.

MAD KRW average rate for January 2024 is 134.25148, the change between 01/01/2024 and 31/01/2024 is +1.48 %.

01 January 20241 MAD = 134.6 KRW
02 January 20241 MAD = 134.5 KRW
03 January 20241 MAD = 131.7 KRW
04 January 20241 MAD = 131.9 KRW
05 January 20241 MAD = 132.5 KRW
06 January 20241 MAD = 132.3 KRW
07 January 20241 MAD = 132.5 KRW
08 January 20241 MAD = 136.7 KRW
09 January 20241 MAD = 132.1 KRW
10 January 20241 MAD = 136.9 KRW
11 January 20241 MAD = 132.5 KRW
12 January 20241 MAD = 131.9 KRW
14 January 20241 MAD = 132.0 KRW
15 January 20241 MAD = 136.2 KRW
16 January 20241 MAD = 137.0 KRW
17 January 20241 MAD = 138.2 KRW
18 January 20241 MAD = 134.6 KRW
19 January 20241 MAD = 133.9 KRW
22 January 20241 MAD = 138.5 KRW
23 January 20241 MAD = 134.7 KRW
24 January 20241 MAD = 133.9 KRW
25 January 20241 MAD = 133.6 KRW
26 January 20241 MAD = 133.9 KRW
28 January 20241 MAD = 134.1 KRW
29 January 20241 MAD = 138.5 KRW
30 January 20241 MAD = 133.1 KRW
31 January 20241 MAD = 132.6 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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