North Korean won south african rand exchange rate history (KPW ZAR) October 2023

North Korean won south african rand history for October 2023. The highest quote for this month is 0.021821 (07/10/2023) and the lowest 0.021433 (08/10/2023). The difference between high and low is 1.78.

KPW ZAR average rate for October 2023 is 0.02114, the change between 01/10/2023 and 31/10/2023 is +0.19 %.

01 October 2023	1 KPW = 0.0210 ZAR
03 October 2023	1 KPW = 0.0213 ZAR
04 October 2023	1 KPW = 0.0214 ZAR
06 October 2023	1 KPW = 0.0217 ZAR
07 October 2023	1 KPW = 0.0214 ZAR
08 October 2023	1 KPW = 0.0214 ZAR
09 October 2023	1 KPW = 0.0215 ZAR
10 October 2023	1 KPW = 0.0213 ZAR
11 October 2023	1 KPW = 0.0211 ZAR
13 October 2023	1 KPW = 0.0211 ZAR
16 October 2023	1 KPW = 0.0211 ZAR
17 October 2023	1 KPW = 0.0209 ZAR
18 October 2023	1 KPW = 0.0209 ZAR
19 October 2023	1 KPW = 0.0211 ZAR
20 October 2023	1 KPW = 0.0211 ZAR
21 October 2023	1 KPW = 0.0210 ZAR
22 October 2023	1 KPW = 0.0211 ZAR
23 October 2023	1 KPW = 0.0211 ZAR
24 October 2023	1 KPW = 0.0211 ZAR
25 October 2023	1 KPW = 0.0211 ZAR
26 October 2023	1 KPW = 0.0213 ZAR
27 October 2023	1 KPW = 0.0210 ZAR
28 October 2023	1 KPW = 0.0210 ZAR
29 October 2023	1 KPW = 0.0210 ZAR
30 October 2023	1 KPW = 0.0209 ZAR
31 October 2023	1 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.

Historic North Korean won South African rand