Moroccan dirham south korean won exchange rate history (MAD KRW) October 2023

Moroccan dirham south korean won history for October 2023. The highest quote for this month is 136.51 (18/10/2023) and the lowest 136.44 (16/10/2023). The difference between high and low is 0.05.

MAD KRW average rate for October 2023 is 132.49321, the change between 01/10/2023 and 31/10/2023 is +0.25 %.

01 October 2023	1 MAD = 131.5 KRW
02 October 2023	1 MAD = 135.8 KRW
03 October 2023	1 MAD = 131.3 KRW
04 October 2023	1 MAD = 131.6 KRW
05 October 2023	1 MAD = 131.2 KRW
06 October 2023	1 MAD = 134.6 KRW
07 October 2023	1 MAD = 131.0 KRW
09 October 2023	1 MAD = 136.1 KRW
10 October 2023	1 MAD = 134.1 KRW
11 October 2023	1 MAD = 130.8 KRW
12 October 2023	1 MAD = 130.7 KRW
13 October 2023	1 MAD = 131.6 KRW
16 October 2023	1 MAD = 136.7 KRW
17 October 2023	1 MAD = 131.5 KRW
18 October 2023	1 MAD = 132.1 KRW
19 October 2023	1 MAD = 136.2 KRW
20 October 2023	1 MAD = 131.7 KRW
21 October 2023	1 MAD = 130.7 KRW
22 October 2023	1 MAD = 130.7 KRW
23 October 2023	1 MAD = 135.6 KRW
24 October 2023	1 MAD = 129.3 KRW
25 October 2023	1 MAD = 130.5 KRW
26 October 2023	1 MAD = 131.9 KRW
27 October 2023	1 MAD = 131.6 KRW
28 October 2023	1 MAD = 131.8 KRW
29 October 2023	1 MAD = 131.9 KRW
30 October 2023	1 MAD = 136.2 KRW
31 October 2023	1 MAD = 131.1 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.

Historic Moroccan dirham South Korean Won