Exchange rates for the US dollar in the Republic of Korea / USD 1 = KRW ... (selling)

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Time series key	BBEX3.A.KRW.USD.CA.AB.A04
Unit	KRW
Dimension	one
Timespan	from 1968 to 2023
Last update	12.01.2024 02:13:25 PM

Methodology	Until 1974, calculated on the basis of month-end rates, 1975 to 1979 pegged to the US dollar, 1980 to 1987 calculated on the basis of mid-month and month-end rates and from 1988 on the basis of daily rates.
Source	Since September 2015 KEB Hana Bank, Seoul Until August 2015 Korea Exchange Bank, Seoul

Comment on 1980	On 12 January 1980, the exchange rates (buying/selling rate) were changed from USD 1 = KRW 483.00/485.00 to USD 1 = KRW 577.10/582.90. Calculated devaluation: 16.6% (middle rate).
Comment on 1974	On 7 December 1974, the exchange rates (buying/selling rate) were changed from USD 1 = KRW 398.00/400.00 to USD 1 = KRW 483,00/485,00. Calculated devaluation: 17.6% (middle rate).
Comment on 1971	On 28 June 1971, the exchange rates were adjusted more sharply. The following exchange rates (buying/selling rate) were recorded: 26 June 1971: USD 1 = KRW 327.40/328.90 28 June 1971: USD 1 = KRW 370.00/371.60 Calculated devaluation: 11.5%.

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