Historic Arab Emirates Dirham South Korean Won

Arab Emirates Dirham south korean won history for December 2023. The highest quote for this month is 361.4 (07/12/2023) and the lowest 358.51 (10/12/2023). The difference between high and low is 0.8.

AED KRW average rate for December 2023 is 353.95536, the change between 01/12/2023 and 31/12/2023 is +1.48 %.

01 December 20231 AED = 353.2 KRW
02 December 20231 AED = 352.1 KRW
03 December 20231 AED = 352.3 KRW
04 December 20231 AED = 353.9 KRW
05 December 20231 AED = 356.2 KRW
06 December 20231 AED = 357.7 KRW
07 December 20231 AED = 357.8 KRW
08 December 20231 AED = 357.6 KRW
10 December 20231 AED = 358.5 KRW
11 December 20231 AED = 358.6 KRW
12 December 20231 AED = 357.8 KRW
13 December 20231 AED = 356.8 KRW
14 December 20231 AED = 351.9 KRW
15 December 20231 AED = 351.9 KRW
16 December 20231 AED = 354.1 KRW
17 December 20231 AED = 354.1 KRW
18 December 20231 AED = 347.6 KRW
19 December 20231 AED = 354.9 KRW
20 December 20231 AED = 353.5 KRW
21 December 20231 AED = 353.2 KRW
22 December 20231 AED = 351.8 KRW
23 December 20231 AED = 353.2 KRW
24 December 20231 AED = 353.3 KRW
25 December 20231 AED = 353.4 KRW
26 December 20231 AED = 352.6 KRW
27 December 20231 AED = 352.3 KRW
28 December 20231 AED = 352.6 KRW
29 December 20231 AED = 347.9 KRW

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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.

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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