Nominal Effecive Exchange Rate in South Korea
South Korea: Nominal Effecive Exchange Rate was 107.25 in 2024. ▼ Falling
Nominal Effecive Exchange Rate in South Korea, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, nominal effecive exchange rate in South Korea stood at 107.25.
That represents a change of down 2.2% on the previous year and down 3.8% over ten years.
Over the whole period, nominal effecive exchange rate in South Korea peaked at 140.72 in 1996 and was at its lowest, 93.11, in 2009.
South Korea ranks 42nd of 112 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Nominal Effecive Exchange Rate in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 137.59 | — |
| 1995 | 139.38 | +1.3% |
| 1996 | 140.72 | +1.0% |
| 1997 | 129.82 | -7.7% |
| 1998 | 94.86 | -26.9% |
| 1999 | 110.41 | +16.4% |
| 2000 | 118.78 | +7.6% |
| 2001 | 109.75 | -7.6% |
| 2002 | 113.81 | +3.7% |
| 2003 | 113.07 | -0.7% |
| 2004 | 113.39 | +0.3% |
| 2005 | 125.95 | +11.1% |
| 2006 | 134.72 | +7.0% |
| 2007 | 133.2 | -1.1% |
| 2008 | 107.86 | -19.0% |
| 2009 | 93.11 | -13.7% |
| 2010 | 100.01 | +7.4% |
| 2011 | 99.57 | -0.4% |
| 2012 | 99.35 | -0.2% |
| 2013 | 104.55 | +5.2% |
| 2014 | 111.46 | +6.6% |
| 2015 | 112.66 | +1.1% |
| 2016 | 112.12 | -0.5% |
| 2017 | 115.59 | +3.1% |
| 2018 | 117.3 | +1.5% |
| 2019 | 113.97 | -2.8% |
| 2020 | 112.75 | -1.1% |
| 2021 | 112.69 | -0.1% |
| 2022 | 107.18 | -4.9% |
| 2023 | 109.7 | +2.4% |
| 2024 | 107.25 | -2.2% |
South Korea compared with similar countries
- South Korea's 107.25 is above the median for high income countries, which is 104.58, 1.0× the median. (54 countries reporting)
- South Korea's 107.25 is above the median for East Asia & Pacific, which is 101.8, 1.1× the median. (15 countries reporting)
Biggest year-on-year movements
Years where Nominal Effecive Exchange Rate in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -26.9% | 129.82 | 94.86 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 125.46 | 94.86 | 140.72 | 6 |
| 2000s | 116.37 | 93.11 | 134.72 | 10 |
| 2010s | 108.66 | 99.35 | 117.3 | 10 |
| 2020s | 109.91 | 107.18 | 112.75 | 5 |
Countries ranked near South Korea
More reference data data for South Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is nominal effecive exchange rate in South Korea?
- Nominal effecive exchange rate in South Korea was 107.25 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest nominal effecive exchange rate recorded in South Korea?
- The highest recorded value was 140.72 in 1996.
- What is the lowest nominal effecive exchange rate recorded in South Korea?
- The lowest recorded value was 93.11 in 2009.
- How does South Korea rank for nominal effecive exchange rate?
- South Korea ranks 42nd out of 112 countries with data for 2024.
- Is nominal effecive exchange rate rising or falling in South Korea?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Nominal Effecive Exchange Rate. Statizoid updates them automatically from the source API.
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About this data
A measure of the value of a currency against a weighted average of several foreign currencies