Historic South African rand South Korean Won

South African rand south korean won history for February 2024. The highest quote for this month is 71.135 (01/02/2024) and the lowest 71.502 (01/02/2024). The difference between high and low is -0.52.

ZAR KRW average rate for February 2024 is 70.17725, the change between 01/02/2024 and 29/02/2024 is +3.36 %.

01 February 20241 ZAR = 71.66 KRW
02 February 20241 ZAR = 71.58 KRW
03 February 20241 ZAR = 70.79 KRW
04 February 20241 ZAR = 70.85 KRW
05 February 20241 ZAR = 70.85 KRW
06 February 20241 ZAR = 70.00 KRW
07 February 20241 ZAR = 70.51 KRW
08 February 20241 ZAR = 70.25 KRW
09 February 20241 ZAR = 70.20 KRW
10 February 20241 ZAR = 69.83 KRW
12 February 20241 ZAR = 70.09 KRW
13 February 20241 ZAR = 70.30 KRW
14 February 20241 ZAR = 70.29 KRW
15 February 20241 ZAR = 69.69 KRW
16 February 20241 ZAR = 70.10 KRW
17 February 20241 ZAR = 70.64 KRW
18 February 20241 ZAR = 70.64 KRW
19 February 20241 ZAR = 70.73 KRW
20 February 20241 ZAR = 70.40 KRW
21 February 20241 ZAR = 70.55 KRW
22 February 20241 ZAR = 70.54 KRW
23 February 20241 ZAR = 69.31 KRW
24 February 20241 ZAR = 68.99 KRW
25 February 20241 ZAR = 68.89 KRW
26 February 20241 ZAR = 68.89 KRW
27 February 20241 ZAR = 69.32 KRW
28 February 20241 ZAR = 69.84 KRW
29 February 20241 ZAR = 69.26 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.
ZAR KRW July 2023
ZAR KRW August 2023
ZAR KRW September 2023
ZAR KRW October 2023
ZAR KRW November 2023
ZAR KRW December 2023
ZAR KRW January 2024
ZAR KRW February 2024
ZAR KRW March 2024
ZAR KRW April 2024
ZAR KRW May 2024
ZAR KRW June 2024
ZAR KRW July 2024