South Korea: Exchange rate regimes

* indicates monthly or quarterly data series
 South Korea

Exchange rate regimes

 Latest value 7
 Year 2021
 Measure index points
 Data availability 2008 - 2021
 Average 7
 Min - Max 7 - 7
 Source International Monetary Fund
For that indicator, we provide data for South Korea from 2008 to 2021. The average value for South Korea during that period was 7 index points with a minimum of 7 index points in 2008 and a maximum of 7 index points in 2008. The latest value from 2021 is 7 index points. For comparison, the world average in 2021 based on 186 countries is 5 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Exchange rate regimes - Recent values chart

Historical chart
South Korea - Exchange rate regimes - historical chart - 2008-2021




Definition: The data are from the IMF Annual Reports on Exchange Arrangements and Exchange Restrictions. A higher value of the index indicates more exchange rate flexibility: 1 = the country has no independent legal tender; 2 = currency board; 3 = conventional peg; 4 = target zone; 5 = crawling peg; 6 = other managed exchange rate regimes; 7 = floating regime. The IMF categorization does not include currency unions. Instead, it assigns to the member country the regime of the union it is a part of. For example, all EMU members are assigned a floating exchange rate regime. The data begin with the latest change of the IMF categorization in 2008.

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 Related indicators Latest value Reference Measure
 Inflation 5.1 2022 percent
 Exchange rate regimes 7 2021 index points
 USD exchange rate 1,333.3333 9/2023 Local Currency Units per USD
 Money supply (broad money) 3,839,468.60 9/2023 billion
 Consumer Price Index (CPI) 112.8500 9/2023 index points
 Inflation, monthly 0.51 9/2023 percent
 Inflation, annual 3.70 9/2023 percent
 Private sector credit 3,227,684.80 9/2023 billion
 Business credit 1,930,596.40 9/2023 billion
 Household credit 1,297,088.40 9/2023 billion
 Mortgage credit 659,363.10 9/2023 billion
 Consumer credit 637,725.30 9/2023 billion
 Deposit interest rate 3.95 9/2023 percent
 Business credit interest rate 5.27 9/2023 percent
 Mortgage credit interest rate 4.35 9/2023 percent
 Policy rate 3.50 9/2023 percent
 Household debt to GDP 101.50 9/2023 percent
 Debt service ratios for private non-financial sector 23.80 Q3/2023 percent
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