Real Effective Exchange Rate in South Korea
South Korea: Real Effective Exchange Rate was 101.24 in 2024. ▼ Falling
Real Effective Exchange Rate in South Korea, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in South Korea stood at 101.24.
That represents a change of down 1.4% on the previous year and down 7.4% over ten years.
Over the whole period, real effective exchange rate in South Korea peaked at 131.69 in 2006 and was at its lowest, 87.87, in 1998.
That places South Korea 54th out of 107 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 120.42 | — |
| 1995 | 121.47 | +0.9% |
| 1996 | 123.8 | +1.9% |
| 1997 | 115.28 | -6.9% |
| 1998 | 87.87 | -23.8% |
| 1999 | 100.76 | +14.7% |
| 2000 | 108.56 | +7.7% |
| 2001 | 102.28 | -5.8% |
| 2002 | 107.6 | +5.2% |
| 2003 | 108.85 | +1.2% |
| 2004 | 110.4 | +1.4% |
| 2005 | 123.16 | +11.6% |
| 2006 | 131.69 | +6.9% |
| 2007 | 129.7 | -1.5% |
| 2008 | 104.92 | -19.1% |
| 2009 | 92.67 | -11.7% |
| 2010 | 100.01 | +7.9% |
| 2011 | 99.84 | -0.2% |
| 2012 | 99.3 | -0.5% |
| 2013 | 103.53 | +4.3% |
| 2014 | 109.37 | +5.6% |
| 2015 | 109.88 | +0.5% |
| 2016 | 108.66 | -1.1% |
| 2017 | 112.11 | +3.2% |
| 2018 | 112.95 | +0.8% |
| 2019 | 107.9 | -4.5% |
| 2020 | 105.64 | -2.1% |
| 2021 | 105.84 | +0.2% |
| 2022 | 100.76 | -4.8% |
| 2023 | 102.66 | +1.9% |
| 2024 | 101.24 | -1.4% |
South Korea compared with similar countries
- South Korea's 101.24 is below the median for high income countries, which is 101.37, 100% of the median. (50 countries reporting)
- South Korea's 101.24 is below the median for East Asia & Pacific, which is 108.54, 93% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 111.6 | 87.87 | 123.8 | 6 |
| 2000s | 111.98 | 92.67 | 131.69 | 10 |
| 2010s | 106.35 | 99.3 | 112.95 | 10 |
| 2020s | 103.23 | 100.76 | 105.84 | 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 real effective exchange rate in South Korea?
- Real effective exchange rate in South Korea was 101.24 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in South Korea?
- The highest recorded value was 131.69 in 2006.
- What is the lowest real effective exchange rate recorded in South Korea?
- The lowest recorded value was 87.87 in 1998.
- How does South Korea rank for real effective exchange rate?
- South Korea ranks 54th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in South Korea?
- Over the last ten years it is down 7.4%. 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 Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.