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

South African rand south korean won history for October 2023. The highest quote for this month is 71.891 (30/10/2023) and the lowest 72.129 (31/10/2023). The difference between high and low is -0.33.

ZAR KRW average rate for October 2023 is 70.97661, the change between 01/10/2023 and 31/10/2023 is +0.09 %.

01 October 2023	1 ZAR = 71.64 KRW
02 October 2023	1 ZAR = 71.61 KRW
03 October 2023	1 ZAR = 70.49 KRW
04 October 2023	1 ZAR = 70.43 KRW
05 October 2023	1 ZAR = 69.94 KRW
06 October 2023	1 ZAR = 69.00 KRW
07 October 2023	1 ZAR = 69.68 KRW
09 October 2023	1 ZAR = 69.40 KRW
10 October 2023	1 ZAR = 70.37 KRW
11 October 2023	1 ZAR = 70.63 KRW
12 October 2023	1 ZAR = 71.15 KRW
13 October 2023	1 ZAR = 70.92 KRW
16 October 2023	1 ZAR = 71.27 KRW
17 October 2023	1 ZAR = 71.79 KRW
18 October 2023	1 ZAR = 71.99 KRW
19 October 2023	1 ZAR = 71.40 KRW
20 October 2023	1 ZAR = 71.38 KRW
21 October 2023	1 ZAR = 71.45 KRW
22 October 2023	1 ZAR = 71.08 KRW
23 October 2023	1 ZAR = 71.13 KRW
24 October 2023	1 ZAR = 70.42 KRW
25 October 2023	1 ZAR = 70.68 KRW
26 October 2023	1 ZAR = 70.72 KRW
27 October 2023	1 ZAR = 71.32 KRW
28 October 2023	1 ZAR = 71.84 KRW
29 October 2023	1 ZAR = 71.84 KRW
30 October 2023	1 ZAR = 72.22 KRW
31 October 2023	1 ZAR = 71.57 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