Historic North Korean won South African rand

North Korean won south african rand history for January 2024. The highest quote for this month is 0.02134 (23/01/2024) and the lowest 0.021121 (20/01/2024). The difference between high and low is 1.03.

KPW ZAR average rate for January 2024 is 0.02083, the change between 01/01/2024 and 31/01/2024 is -2.79 %.

01 January 20241 KPW = 0.0203 ZAR
02 January 20241 KPW = 0.0203 ZAR
03 January 20241 KPW = 0.0206 ZAR
04 January 20241 KPW = 0.0207 ZAR
05 January 20241 KPW = 0.0208 ZAR
06 January 20241 KPW = 0.0208 ZAR
07 January 20241 KPW = 0.0208 ZAR
08 January 20241 KPW = 0.0207 ZAR
09 January 20241 KPW = 0.0206 ZAR
10 January 20241 KPW = 0.0207 ZAR
11 January 20241 KPW = 0.0207 ZAR
12 January 20241 KPW = 0.0207 ZAR
13 January 20241 KPW = 0.0207 ZAR
14 January 20241 KPW = 0.0207 ZAR
15 January 20241 KPW = 0.0207 ZAR
16 January 20241 KPW = 0.0207 ZAR
17 January 20241 KPW = 0.0211 ZAR
18 January 20241 KPW = 0.0212 ZAR
19 January 20241 KPW = 0.0210 ZAR
20 January 20241 KPW = 0.0211 ZAR
21 January 20241 KPW = 0.0211 ZAR
22 January 20241 KPW = 0.0211 ZAR
23 January 20241 KPW = 0.0213 ZAR
24 January 20241 KPW = 0.0210 ZAR
25 January 20241 KPW = 0.0210 ZAR
26 January 20241 KPW = 0.0210 ZAR
27 January 20241 KPW = 0.0209 ZAR
28 January 20241 KPW = 0.0209 ZAR
29 January 20241 KPW = 0.0208 ZAR
30 January 20241 KPW = 0.0209 ZAR
31 January 20241 KPW = 0.0209 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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