South Korea Exchange Rates and Real Effective Exchange Rates
Korea DEC Alternative Conversion Factor: per USD
KR: DEC Alternative Conversion Factor: per USD data was reported at 1,130.425 KRW/USD in 2017. This records a decrease from the previous number of 1,160.433 KRW/USD for 2016. KR: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 778.200 KRW/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,401.440 KRW/USD in 1998 and a record low of 63.125 KRW/USD in 1960. KR: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ; International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.; ; In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.
| Last | Frequency | Range |
|---|---|---|
| 1,160.27 2016 | yearly | 1960 - 2016 |
View South Korea's Korea DEC Alternative Conversion Factor: per USD from 1960 to 2016 in the chart:
Korea Official Exchange Rate: Average: per USD
KR: Official Exchange Rate: Average: per USD data was reported at 1,130.425 KRW/USD in 2017. This records a decrease from the previous number of 1,160.433 KRW/USD for 2016. KR: Official Exchange Rate: Average: per USD data is updated yearly, averaging 778.200 KRW/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,401.437 KRW/USD in 1998 and a record low of 63.125 KRW/USD in 1960. KR: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 1,130.42 2017 | yearly | 1960 - 2017 |
View South Korea's Korea Official Exchange Rate: Average: per USD from 1960 to 2017 in the chart:
Korea Real Effective Exchange Rate Index
KR: Real Effective Exchange Rate Index data was reported at 149.726 2010=100 in 2017. This records an increase from the previous number of 143.812 2010=100 for 2016. KR: Real Effective Exchange Rate Index data is updated yearly, averaging 110.774 2010=100 from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 165.877 2010=100 in 1996 and a record low of 91.738 2010=100 in 2009. KR: Real Effective Exchange Rate Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 149.43 2017 | yearly | 1995 - 2017 |