Iraq vs Republic of Korea: Official exchange rate
Official exchange rate over time
- Iraq
- Republic of Korea
How they compare
Republic of Korea currently reports 1,422 LCU per US$, period average against 1,300 LCU per US$, period average in Iraq, a difference of 122 LCU per US$, period average.
That makes Republic of Korea's figure about 1.1 times Iraq's.
The two have swapped places 4 times across 64 shared years of data; in 1960 it was Republic of Korea ahead.
Iraq ranks 26th and Republic of Korea ranks 23rd of 213 countries.
Across the 7 decades both report, Iraq averaged higher in 6 and Republic of Korea in 1.
Head to head by decade
| Decade | Iraq | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.3571 LCU per US$, period average | 203.46 LCU per US$, period average | 203.1 LCU per US$, period average | Republic of Korea |
| 1970s | 1,645 LCU per US$, period average | 427.34 LCU per US$, period average | 1,217 LCU per US$, period average | Iraq |
| 1980s | 1,974 LCU per US$, period average | 757.86 LCU per US$, period average | 1,217 LCU per US$, period average | Iraq |
| 1990s | 2,002 LCU per US$, period average | 894.63 LCU per US$, period average | 1,108 LCU per US$, period average | Iraq |
| 2000s | 1,558 LCU per US$, period average | 1,123 LCU per US$, period average | 434.69 LCU per US$, period average | Iraq |
| 2010s | 1,174 LCU per US$, period average | 1,123 LCU per US$, period average | 50.87 LCU per US$, period average | Iraq |
| 2020s | 1,341 LCU per US$, period average | 1,257 LCU per US$, period average | 83.96 LCU per US$, period average | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Iraq or Republic of Korea?
- Republic of Korea, at 1,422 LCU per US$, period average against 1,300 LCU per US$, period average in Iraq as of 2025.
- What is the difference in official exchange rate between Iraq and Republic of Korea?
- 122 LCU per US$, period average, with Republic of Korea ahead.
- How many years of comparable data are there for Iraq and Republic of Korea?
- 64 years are reported by both, from 1960 to 2024.
- How do Iraq and Republic of Korea rank globally for official exchange rate?
- Iraq ranks 26th and Republic of Korea ranks 23rd of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, period average). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.