Saudi riyal south korean won exchange rate history (SAR KRW) October 2023

Saudi riyal south korean won history for October 2023. The highest quote for this month is 364.27 (03/10/2023) and the lowest 361.58 (19/10/2023). The difference between high and low is 0.74.

SAR KRW average rate for October 2023 is 360.12714, the change between 01/10/2023 and 31/10/2023 is +0.24 %.

01 October 2023	1 SAR = 360.7 KRW
02 October 2023	1 SAR = 360.5 KRW
03 October 2023	1 SAR = 361.5 KRW
04 October 2023	1 SAR = 362.9 KRW
05 October 2023	1 SAR = 360.7 KRW
06 October 2023	1 SAR = 359.3 KRW
07 October 2023	1 SAR = 358.7 KRW
09 October 2023	1 SAR = 358.7 KRW
10 October 2023	1 SAR = 359.5 KRW
11 October 2023	1 SAR = 358.2 KRW
12 October 2023	1 SAR = 357.2 KRW
13 October 2023	1 SAR = 359.9 KRW
16 October 2023	1 SAR = 360.9 KRW
17 October 2023	1 SAR = 359.8 KRW
18 October 2023	1 SAR = 361.1 KRW
19 October 2023	1 SAR = 361.6 KRW
20 October 2023	1 SAR = 362.0 KRW
21 October 2023	1 SAR = 360.0 KRW
22 October 2023	1 SAR = 360.0 KRW
23 October 2023	1 SAR = 360.1 KRW
24 October 2023	1 SAR = 356.2 KRW
25 October 2023	1 SAR = 358.6 KRW
26 October 2023	1 SAR = 361.1 KRW
27 October 2023	1 SAR = 360.4 KRW
28 October 2023	1 SAR = 361.4 KRW
29 October 2023	1 SAR = 361.5 KRW
30 October 2023	1 SAR = 361.3 KRW
31 October 2023	1 SAR = 359.8 KRW

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal South Korean Won