Historic Norwegian krone Cambodian Riel

Norwegian krone cambodian riel history for November 2023. The highest quote for this month is 383.52 (21/11/2023) and the lowest 383.35 (26/11/2023). The difference between high and low is 0.04.

NOK KHR average rate for November 2023 is 374.3252, the change between 01/11/2023 and 30/11/2023 is -4.31 %.

01 November 20231 NOK = 369.5 KHR
02 November 20231 NOK = 370.1 KHR
03 November 20231 NOK = 361.3 KHR
06 November 20231 NOK = 362.9 KHR
07 November 20231 NOK = 372.5 KHR
08 November 20231 NOK = 368.3 KHR
09 November 20231 NOK = 367.8 KHR
10 November 20231 NOK = 366.0 KHR
12 November 20231 NOK = 369.8 KHR
13 November 20231 NOK = 361.8 KHR
14 November 20231 NOK = 370.7 KHR
15 November 20231 NOK = 377.5 KHR
16 November 20231 NOK = 380.5 KHR
17 November 20231 NOK = 375.5 KHR
19 November 20231 NOK = 380.5 KHR
20 November 20231 NOK = 370.6 KHR
21 November 20231 NOK = 383.6 KHR
22 November 20231 NOK = 385.2 KHR
23 November 20231 NOK = 373.9 KHR
24 November 20231 NOK = 373.6 KHR
26 November 20231 NOK = 383.4 KHR
27 November 20231 NOK = 374.5 KHR
28 November 20231 NOK = 386.3 KHR
29 November 20231 NOK = 387.1 KHR
30 November 20231 NOK = 385.5 KHR

22/04/2020: COVID-19 Impact

The COVID-19 pandemic caused disruptions in the Cambodian economy, leading to a decline in the value of the Riel.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

04/01/2001: Riel Redenomination

The Cambodian government redenominated the Riel by removing four zeros, making it easier for transactions.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

20/03/1995: Dollarization

Cambodia officially adopted a dual currency system, allowing the use of both Riel and the United States Dollar.

20/03/1994: Currency Stabilization

Cambodia implemented a new currency stabilization plan to control hyperinflation and stabilize the Riel.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

07/01/1979: Liberation of Cambodia

Vietnamese forces liberated Cambodia from the Khmer Rouge, leading to the reestablishment of the Riel.

17/04/1975: Khmer Rouge Regime

The Khmer Rouge regime took control of Cambodia, resulting in the abolition of currency and economic collapse.

11/07/1951: Introduction of the Riel

The Riel was established as the official currency of Cambodia, replacing the French Indochinese Piastre.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.
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