Historic Uzbekistani som South Korean Won

Uzbekistani som south korean won history for March 2024. The highest quote for this month is 0.10709 (01/03/2024) and the lowest 0.10662 (04/03/2024). The difference between high and low is 0.44.

UZS KRW average rate for March 2024 is 0.10641, the change between 01/03/2024 and 31/03/2024 is +1.6 %.

01 March 20241 UZS = 0.1070 KRW
04 March 20241 UZS = 0.1070 KRW
05 March 20241 UZS = 0.1063 KRW
06 March 20241 UZS = 0.1067 KRW
07 March 20241 UZS = 0.1063 KRW
08 March 20241 UZS = 0.1063 KRW
11 March 20241 UZS = 0.1053 KRW

25/02/2020: Introduction of New Large Denomination Banknotes

Uzbekistan introduced new 100,000 and 200,000 som banknotes to meet the requirements of the growing economy and reduce cash circulation.

08/02/2019: Exchange Rate Unification

Uzbekistan unified the official and black-market exchange rates, allowing for more transparency in currency transactions.

03/09/2018: Denomination of Uzbekistani Som

Uzbekistan announced a 1:10,000 denomination of the som, as part of ongoing currency reform.

05/09/2017: Floating Exchange Rate Regime

Uzbekistan transitioned to a floating exchange rate regime, allowing the Uzbekistani Som's value to be determined by market forces.

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.

10/03/2001: Introduction of New Uzbekistani Som

Uzbekistan introduced a new som, with 1 new som equaling 1,000 old soms, as a result of currency reform.

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.

01/07/1994: Redenomination of Uzbekistani Som

Uzbekistan redenominated its currency, with 1 new som replacing 1,000 old soms to combat hyperinflation.

01/07/1993: Introduction of Uzbekistani Som

Uzbekistani Som (UZS) was introduced as the official currency of Uzbekistan after the country gained independence from the Soviet Union.

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.