| Time series key
|
BBEX3.A.KRW.DEM.CA.AA.A04 |
| Unit
|
KRW |
| Dimension
|
one |
| Timespan
|
from
1970 to
1998 |
| Last update
|
20.09.2023 12:49:20 PM |
| |
|
| Methodology
|
1970 until 1973, calculated on the basis of month-end rates. 1974 until 1987, calculated on the basis of mid-month and month-end rates and from 1988 on the basis of daily rates. |
| Source
|
From October 1973: Korea Exchange Bank, Seoul. Until September 1973: Bank of Korea, Seoul. |
| |
|
| Comment on
1980 |
On 12 January 1980, the South Korean won was devalued. We recorded the last exchange rates (buying/selling rate) prior and the first rates after the devaluation as follows: 11 January 1980: DEM 1 = KRW 280.57 / 281.13 12 January 1980: DEM 1 = KRW 335.92 / 339.28 On the basis of the above-mentioned rates, the South Korean won depreciated by 16.8% (on average). |
| Comment on
1974 |
On 7 December 1974, the South Korean won was devalued by 17.6% against the US dollar (on average). |
| Comment on
1973 |
No exchange rate data are available for June 1973. |
| Comment on
1972 |
No exchange rate data are available for November 1972. |
| Comment on
1971 |
No exchange rate data are available for January, February and May 1971. |
| Comment on
1970 |
No exchange rate data are available for January and February 1970. |
