Historic North Korean won South African rand

North Korean won south african rand history for February 2024. The highest quote for this month is 0.021533 (23/02/2024) and the lowest 0.021418 (24/02/2024). The difference between high and low is 0.53.

KPW ZAR average rate for February 2024 is 0.02109, the change between 01/02/2024 and 29/02/2024 is -3.43 %.

01 February 20241 KPW = 0.0207 ZAR
02 February 20241 KPW = 0.0206 ZAR
03 February 20241 KPW = 0.0210 ZAR
04 February 20241 KPW = 0.0210 ZAR
05 February 20241 KPW = 0.0210 ZAR
06 February 20241 KPW = 0.0212 ZAR
07 February 20241 KPW = 0.0209 ZAR
08 February 20241 KPW = 0.0210 ZAR
09 February 20241 KPW = 0.0211 ZAR
10 February 20241 KPW = 0.0211 ZAR
11 February 20241 KPW = 0.0212 ZAR
12 February 20241 KPW = 0.0211 ZAR
13 February 20241 KPW = 0.0210 ZAR
14 February 20241 KPW = 0.0212 ZAR
15 February 20241 KPW = 0.0211 ZAR
16 February 20241 KPW = 0.0210 ZAR
17 February 20241 KPW = 0.0209 ZAR
18 February 20241 KPW = 0.0209 ZAR
19 February 20241 KPW = 0.0209 ZAR
20 February 20241 KPW = 0.0210 ZAR
21 February 20241 KPW = 0.0210 ZAR
22 February 20241 KPW = 0.0210 ZAR
23 February 20241 KPW = 0.0213 ZAR
24 February 20241 KPW = 0.0214 ZAR
25 February 20241 KPW = 0.0215 ZAR
26 February 20241 KPW = 0.0215 ZAR
27 February 20241 KPW = 0.0213 ZAR
28 February 20241 KPW = 0.0212 ZAR
29 February 20241 KPW = 0.0214 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.
KPW ZAR January 2024
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