Historic South African rand South Korean Won

South African rand south korean won history for January 2024. The highest quote for this month is 71.144 (28/01/2024) and the lowest 71.334 (31/01/2024). The difference between high and low is -0.27.

ZAR KRW average rate for January 2024 is 70.572, the change between 01/01/2024 and 31/01/2024 is +0.22 %.

01 January 20241 ZAR = 70.80 KRW
02 January 20241 ZAR = 70.68 KRW
03 January 20241 ZAR = 70.47 KRW
04 January 20241 ZAR = 70.13 KRW
05 January 20241 ZAR = 70.17 KRW
06 January 20241 ZAR = 70.44 KRW
07 January 20241 ZAR = 70.37 KRW
08 January 20241 ZAR = 70.33 KRW
09 January 20241 ZAR = 70.66 KRW
10 January 20241 ZAR = 70.81 KRW
11 January 20241 ZAR = 70.71 KRW
12 January 20241 ZAR = 70.37 KRW
13 January 20241 ZAR = 70.61 KRW
14 January 20241 ZAR = 70.58 KRW
15 January 20241 ZAR = 70.56 KRW
16 January 20241 ZAR = 70.77 KRW
17 January 20241 ZAR = 70.56 KRW
18 January 20241 ZAR = 70.45 KRW
19 January 20241 ZAR = 70.70 KRW
22 January 20241 ZAR = 70.14 KRW
23 January 20241 ZAR = 69.75 KRW
24 January 20241 ZAR = 70.68 KRW
25 January 20241 ZAR = 70.45 KRW
26 January 20241 ZAR = 70.76 KRW
28 January 20241 ZAR = 71.18 KRW
29 January 20241 ZAR = 71.27 KRW
30 January 20241 ZAR = 71.00 KRW
31 January 20241 ZAR = 70.64 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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