South Korea vs Nigeria: Official exchange rate
Official exchange rate over time
- South Korea
- Nigeria
How they compare
Nigeria currently reports 1,518 LCU per US$, period average against 1,422 LCU per US$, period average in South Korea, a difference of 96 LCU per US$, period average.
That makes Nigeria's figure about 1.1 times South Korea's.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was South Korea ahead.
South Korea ranks 23rd and Nigeria ranks 21st of 213 countries.
South Korea has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 203.46 LCU per US$, period average | 0.7143 LCU per US$, period average | 202.74 LCU per US$, period average | South Korea |
| 1970s | 427.34 LCU per US$, period average | 0.6499 LCU per US$, period average | 426.69 LCU per US$, period average | South Korea |
| 1980s | 757.86 LCU per US$, period average | 2.19 LCU per US$, period average | 755.67 LCU per US$, period average | South Korea |
| 1990s | 894.63 LCU per US$, period average | 25.92 LCU per US$, period average | 868.71 LCU per US$, period average | South Korea |
| 2000s | 1,130 LCU per US$, period average | 124.88 LCU per US$, period average | 1,005 LCU per US$, period average | South Korea |
| 2010s | 1,123 LCU per US$, period average | 214.23 LCU per US$, period average | 908.53 LCU per US$, period average | South Korea |
| 2020s | 1,285 LCU per US$, period average | 804.75 LCU per US$, period average | 479.78 LCU per US$, period average | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, South Korea or Nigeria?
- Nigeria, at 1,518 LCU per US$, period average against 1,422 LCU per US$, period average in South Korea as of 2025.
- What is the difference in official exchange rate between South Korea and Nigeria?
- 96 LCU per US$, period average, with Nigeria ahead.
- How many years of comparable data are there for South Korea and Nigeria?
- 66 years are reported by both, from 1960 to 2025.
- How do South Korea and Nigeria rank globally for official exchange rate?
- South Korea ranks 23rd and Nigeria ranks 21st of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, 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.