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

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Time series key	BBEX3.M.KRW.USD.CA.AA.A02
Unit	KRW
Dimension	one
Timespan	from 1968-02 to 2024-03
Last update	05.04.2024 01:04:39 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 1980-01	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% (on average).
Comment on 1974-12	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% (on average).
Comment on 1971-06	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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