South African rand north korean won exchange rate history (ZAR KPW) November 2023

South African rand north korean won history for November 2023. The highest quote for this month is 49.278 (15/11/2023) and the lowest 49.737 (15/11/2023). The difference between high and low is -0.93.

ZAR KPW average rate for November 2023 is 48.55036, the change between 01/11/2023 and 30/11/2023 is +0.6 %.

01 November 2023	1 ZAR = 48.34 KPW
06 November 2023	1 ZAR = 49.28 KPW
07 November 2023	1 ZAR = 49.21 KPW
08 November 2023	1 ZAR = 49.09 KPW
09 November 2023	1 ZAR = 48.70 KPW
10 November 2023	1 ZAR = 48.25 KPW
11 November 2023	1 ZAR = 48.09 KPW
12 November 2023	1 ZAR = 48.06 KPW
13 November 2023	1 ZAR = 48.06 KPW
14 November 2023	1 ZAR = 48.19 KPW
15 November 2023	1 ZAR = 49.39 KPW
16 November 2023	1 ZAR = 49.51 KPW
17 November 2023	1 ZAR = 49.01 KPW
18 November 2023	1 ZAR = 49.00 KPW
19 November 2023	1 ZAR = 49.00 KPW
20 November 2023	1 ZAR = 49.09 KPW
21 November 2023	1 ZAR = 49.12 KPW
22 November 2023	1 ZAR = 48.37 KPW
23 November 2023	1 ZAR = 47.69 KPW
25 November 2023	1 ZAR = 47.82 KPW
26 November 2023	1 ZAR = 47.81 KPW
27 November 2023	1 ZAR = 47.92 KPW
28 November 2023	1 ZAR = 48.28 KPW
29 November 2023	1 ZAR = 48.46 KPW
30 November 2023	1 ZAR = 48.05 KPW

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

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.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

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.

01/01/1995: 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.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

01/08/1982: Currency Decimalization

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

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

14/09/1961: Introduction of the Rand

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

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

Historic South African rand North Korean won