South African rand south korean won exchange rate history (ZAR KRW) December 2023

South African rand south korean won history for December 2023. The highest quote for this month is 71.081 (21/12/2023) and the lowest 72.059 (25/12/2023). The difference between high and low is -1.38.

ZAR KRW average rate for December 2023 is 69.89436, the change between 01/12/2023 and 31/12/2023 is +0.01 %.

01 December 2023	1 ZAR = 68.83 KRW
02 December 2023	1 ZAR = 69.39 KRW
03 December 2023	1 ZAR = 69.43 KRW
04 December 2023	1 ZAR = 69.89 KRW
05 December 2023	1 ZAR = 69.57 KRW
06 December 2023	1 ZAR = 69.31 KRW
07 December 2023	1 ZAR = 69.29 KRW
08 December 2023	1 ZAR = 69.81 KRW
10 December 2023	1 ZAR = 69.37 KRW
11 December 2023	1 ZAR = 69.64 KRW
12 December 2023	1 ZAR = 68.88 KRW
13 December 2023	1 ZAR = 69.23 KRW
14 December 2023	1 ZAR = 69.27 KRW
15 December 2023	1 ZAR = 70.55 KRW
16 December 2023	1 ZAR = 70.89 KRW
17 December 2023	1 ZAR = 70.89 KRW
18 December 2023	1 ZAR = 69.80 KRW
19 December 2023	1 ZAR = 70.14 KRW
20 December 2023	1 ZAR = 70.82 KRW
21 December 2023	1 ZAR = 71.06 KRW
22 December 2023	1 ZAR = 71.12 KRW
23 December 2023	1 ZAR = 70.33 KRW
24 December 2023	1 ZAR = 70.34 KRW
25 December 2023	1 ZAR = 70.25 KRW
26 December 2023	1 ZAR = 70.18 KRW
27 December 2023	1 ZAR = 69.38 KRW
28 December 2023	1 ZAR = 70.57 KRW
29 December 2023	1 ZAR = 68.82 KRW

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.

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.

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.

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.

01/01/1998: 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.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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 South African rand South Korean Won