Historic Moroccan dirham South Korean Won

Moroccan dirham south korean won history for November 2023. The highest quote for this month is 136.32 (01/11/2023) and the lowest 135.17 (01/11/2023). The difference between high and low is 0.84.

MAD KRW average rate for November 2023 is 129.61846, the change between 01/11/2023 and 30/11/2023 is +2.29 %.

01 November 20231 MAD = 131.3 KRW
02 November 20231 MAD = 130.8 KRW
03 November 20231 MAD = 134.3 KRW
06 November 20231 MAD = 132.3 KRW
07 November 20231 MAD = 127.1 KRW
08 November 20231 MAD = 127.6 KRW
09 November 20231 MAD = 128.4 KRW
10 November 20231 MAD = 128.6 KRW
12 November 20231 MAD = 128.9 KRW
13 November 20231 MAD = 133.5 KRW
14 November 20231 MAD = 129.1 KRW
15 November 20231 MAD = 128.7 KRW
16 November 20231 MAD = 128.2 KRW
17 November 20231 MAD = 127.3 KRW
18 November 20231 MAD = 127.5 KRW
19 November 20231 MAD = 127.5 KRW
20 November 20231 MAD = 132.3 KRW
21 November 20231 MAD = 127.2 KRW
22 November 20231 MAD = 127.9 KRW
23 November 20231 MAD = 132.3 KRW
24 November 20231 MAD = 132.4 KRW
26 November 20231 MAD = 129.1 KRW
27 November 20231 MAD = 132.0 KRW
28 November 20231 MAD = 129.2 KRW
29 November 20231 MAD = 128.2 KRW
30 November 20231 MAD = 128.3 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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