Historic Nigerian Naira South Korean Won

Nigerian Naira south korean won history since 29/02/2024 until today (0 years). Search for NGN to KRW exchange rate history for a particular date, month or year.

is the currency (supplied by Central Bank of Nigeria and the currency supplied by Central bank Bank of Korea. The NGN KRW historical data can be seen on the Nigerian Naira south korean won historical chart.

30 January 20241 NGN = 1.493 KRW
31 January 20241 NGN = 1.481 KRW
01 February 20241 NGN = 1.117 KRW
02 February 20241 NGN = 1.115 KRW
03 February 20241 NGN = 0.9467 KRW
04 February 20241 NGN = 0.9467 KRW
05 February 20241 NGN = 1.122 KRW
06 February 20241 NGN = 0.9524 KRW
07 February 20241 NGN = 0.9427 KRW
08 February 20241 NGN = 0.9365 KRW
09 February 20241 NGN = 0.9487 KRW
12 February 20241 NGN = 0.9023 KRW
13 February 20241 NGN = 0.8839 KRW
14 February 20241 NGN = 0.8850 KRW
15 February 20241 NGN = 0.8747 KRW
16 February 20241 NGN = 0.8754 KRW
17 February 20241 NGN = 0.8917 KRW
18 February 20241 NGN = 0.8917 KRW
19 February 20241 NGN = 0.8917 KRW
20 February 20241 NGN = 0.8929 KRW
21 February 20241 NGN = 0.8306 KRW
22 February 20241 NGN = 0.8297 KRW
23 February 20241 NGN = 0.8261 KRW
24 February 20241 NGN = 0.8935 KRW
25 February 20241 NGN = 0.8935 KRW
26 February 20241 NGN = 0.8279 KRW
27 February 20241 NGN = 0.8625 KRW
28 February 20241 NGN = 0.8437 KRW
29 February 20241 NGN = 0.8258 KRW

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

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.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

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.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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.

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.