Historical Year Data · 2023
South Korea Real Effective Exchange Rate in 2023
South Korea Real Effective Exchange Rate opened 2023 at 98.32 and closed at 97.53, a -0.80% move for the year. The high of 98.72 was reached on November 1, and the low of 93.16 on April 1.
Open
98.32
2023-01
Close
97.53
12 data points
High
98.72
Nov 1
Low
93.16
Apr 1
Full Year Change
-0.80%
2022 Change
-1.07%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 98.32 | 98.32 | 98.32 | 98.32 | +0.00% |
| Feb | 96.36 | 96.36 | 96.36 | 96.36 | +0.00% |
| Mar | 94.84 | 94.84 | 94.84 | 94.84 | +0.00% |
| Apr | 93.16 | 93.16 | 93.16 | 93.16 | +0.00% |
| May | 94.08 | 94.08 | 94.08 | 94.08 | +0.00% |
| Jun | 97.45 | 97.45 | 97.45 | 97.45 | +0.00% |
| Jul | 98.08 | 98.08 | 98.08 | 98.08 | +0.00% |
| Aug | 96.77 | 96.77 | 96.77 | 96.77 | +0.00% |
| Sep | 97.25 | 97.25 | 97.25 | 97.25 | +0.00% |
| Oct | 96.90 | 96.90 | 96.90 | 96.90 | +0.00% |
| Nov | 98.72 | 98.72 | 98.72 | 98.72 | +0.00% |
| Dec | 97.53 | 97.53 | 97.53 | 97.53 | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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