Statizoid

South Korea vs Nigeria: DEC alternative conversion factor

South Korea
1,422 LCU per US$
in 2025
Nigeria
1,518 LCU per US$
in 2025
South Korea rank
26th
Nigeria rank
24th

DEC alternative conversion factor over time

  • South Korea
  • Nigeria
05001.0k1.5k196019922025

How they compare

Nigeria currently reports 1,518 LCU per US$ against 1,422 LCU per US$ in South Korea, a difference of 95.94 LCU per US$.

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.

Globally, South Korea ranks 26th and Nigeria ranks 24th of 214 countries.

Individual pages

About this data

Indicator
DEC alternative conversion factor (LCU per US$)
Unit
LCU per US$
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
214 places, 12,592 data points, 1960–2025
Last refreshed

The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.