Qatari Rial south korean won exchange rate history (QAR KRW) December 2023

Qatari Rial south korean won history for December 2023. The highest quote for this month is 364.72 (07/12/2023) and the lowest 361.65 (10/12/2023). The difference between high and low is 0.84.

QAR KRW average rate for December 2023 is 357.11821, the change between 01/12/2023 and 31/12/2023 is +1.44 %.

01 December 2023	1 QAR = 356.3 KRW
02 December 2023	1 QAR = 355.2 KRW
03 December 2023	1 QAR = 355.5 KRW
04 December 2023	1 QAR = 357.0 KRW
05 December 2023	1 QAR = 359.4 KRW
06 December 2023	1 QAR = 360.9 KRW
07 December 2023	1 QAR = 361.1 KRW
08 December 2023	1 QAR = 360.8 KRW
10 December 2023	1 QAR = 361.7 KRW
11 December 2023	1 QAR = 361.7 KRW
12 December 2023	1 QAR = 360.9 KRW
13 December 2023	1 QAR = 360.0 KRW
14 December 2023	1 QAR = 355.1 KRW
15 December 2023	1 QAR = 355.0 KRW
16 December 2023	1 QAR = 357.3 KRW
17 December 2023	1 QAR = 357.3 KRW
18 December 2023	1 QAR = 350.7 KRW
19 December 2023	1 QAR = 358.0 KRW
20 December 2023	1 QAR = 356.6 KRW
21 December 2023	1 QAR = 356.5 KRW
22 December 2023	1 QAR = 355.0 KRW
23 December 2023	1 QAR = 356.3 KRW
24 December 2023	1 QAR = 356.4 KRW
25 December 2023	1 QAR = 356.5 KRW
26 December 2023	1 QAR = 355.8 KRW
27 December 2023	1 QAR = 355.6 KRW
28 December 2023	1 QAR = 355.9 KRW
29 December 2023	1 QAR = 351.2 KRW

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

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.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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.

Historic Qatari Rial South Korean Won