United States dollar south korean won exchange rate history (USD KRW) August 2023

United States dollar south korean won history for August 2023. The highest quote for this month is 1343.33 (17/08/2023) and the lowest 1339.15 (20/08/2023). The difference between high and low is 0.31.

USD KRW average rate for August 2023 is 1318.64462, the change between 01/08/2023 and 31/08/2023 is -3.57 %.

01 August 2023	1 USD = 1277.93 KRW
04 August 2023	1 USD = 1296.40 KRW
05 August 2023	1 USD = 1309.50 KRW
07 August 2023	1 USD = 1303.05 KRW
08 August 2023	1 USD = 1307.75 KRW
10 August 2023	1 USD = 1313.64 KRW
12 August 2023	1 USD = 1324.50 KRW
14 August 2023	1 USD = 1329.61 KRW
15 August 2023	1 USD = 1334.74 KRW
17 August 2023	1 USD = 1343.33 KRW
20 August 2023	1 USD = 1339.15 KRW
21 August 2023	1 USD = 1339.17 KRW
28 August 2023	1 USD = 1323.61 KRW

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.

01/01/1998: 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.

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.

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.