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.
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