Arab Emirates Dirham south korean won exchange rate history (AED KRW) October 2023

Arab Emirates Dirham south korean won history for October 2023. The highest quote for this month is 371.56 (03/10/2023) and the lowest 368.94 (29/10/2023). The difference between high and low is 0.71.

AED KRW average rate for October 2023 is 367.45821, the change between 01/10/2023 and 31/10/2023 is +0.26 %.

01 October 2023	1 AED = 368.1 KRW
02 October 2023	1 AED = 368.1 KRW
03 October 2023	1 AED = 368.8 KRW
04 October 2023	1 AED = 370.2 KRW
05 October 2023	1 AED = 368.0 KRW
06 October 2023	1 AED = 366.6 KRW
07 October 2023	1 AED = 366.1 KRW
09 October 2023	1 AED = 365.8 KRW
10 October 2023	1 AED = 366.8 KRW
11 October 2023	1 AED = 365.4 KRW
12 October 2023	1 AED = 364.5 KRW
13 October 2023	1 AED = 367.2 KRW
16 October 2023	1 AED = 368.2 KRW
17 October 2023	1 AED = 367.0 KRW
18 October 2023	1 AED = 368.4 KRW
19 October 2023	1 AED = 368.9 KRW
20 October 2023	1 AED = 369.3 KRW
21 October 2023	1 AED = 367.3 KRW
22 October 2023	1 AED = 367.4 KRW
23 October 2023	1 AED = 367.4 KRW
24 October 2023	1 AED = 363.4 KRW
25 October 2023	1 AED = 365.9 KRW
26 October 2023	1 AED = 368.4 KRW
27 October 2023	1 AED = 367.7 KRW
28 October 2023	1 AED = 368.9 KRW
29 October 2023	1 AED = 368.9 KRW
30 October 2023	1 AED = 369.0 KRW
31 October 2023	1 AED = 367.1 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.

Historic Arab Emirates Dirham South Korean Won