Until the end of July 2002, multiple exchange rate system; for official exchange rates see BBEX3:A:KPW:DEM:CA:AC:B04. Exchange rate application: Official rate: only for transactions by general government with other countries. Transfer rate: for transactions with foreign representative offices, organisations and individuals visiting the country; eg for travel or tourism. Listed against the euro as of January 1999, see BBEX3:A:KPW:EUR:CA:AA:A04.
Methodology
Calculated on the basis of month-end rates.
Source
Foreign Trade Bank of the Democratic People's Republic of Korea.
