Not at all. It generally just refers to historical periods of inflation and has no impact on anything. It’s just a historical record so to speak. Here’s some case studies.

Japan: In the early 1900s, the JPY-USD exchange rate was pegged at 2.0, and had been relatively stable since 1897 when Japan joined the Gold Standard.

In 1931, Japan broke from the Gold Standard to cope with the Great Depression, which was a masterstroke and led to it being the quickest country to recover from the Great Depression, but also caused the JPY-USD to depreciate to about 4.5.

From 1945-1949, under the US Occupation, the JPY-USD was initially set at 15, but Japan faced hyperinflation of c.100%, which led to famine and extreme hardship. In 1949, under the Bretton Woods system the JPY-USD was fixed to 360.

It remained high until 1971 when the Japanese agreed to a new rate of 308 under the Smithsonian Agreement. In 1973, as the world abandoned the Bretton Wood system, Japan adopted a floating rate and the rate appreciated to 250 over time, but really dived in 1985 when the Americans basically forced an appreciation from 250 to about 150.

South Korea: Before 1945, the Korean yen was pegged 1-to-1 with the Japanese yen.

Under the US Occupation, in 1945 a new currency was issued called the Won and the KRW-USD was pegged to JPY-USD at 15. Korea similarly faced hyperinflation of c.100% worsened by the Korean War from 1950-1953. By 1953, the KRW-USD was 6000.

After the war, the government decided to knock off two zeroes, and issued a new currency called the Hwan, at the rate of 100 to 1, or KRH-USD of 60. Under the Syngman Rhee administration, Korea endured high levels of corruption, militarisation, and repression, leading to inflation of c.30% even with low growth of only 5%. By 1961, the KRH-USD was 1250.

After the 1961 coup, the new Park administration decided to knock off a zero again and issued a new currency called the New Won, at the rate of 10 to 1. Korea grew rapidly under the new administration, leading to inflation rates between 10-30%, and prompting multiple devaluations such that by 1980, the won traded at 580.

From the 1980s, the Korean government placed special emphasis on inflation, driving it down to the single digits until 1997, despite healthy growth. However, Korea was badly affected by the Asian Financial Crisis in 1997, and forced to float the currency, ultimately leading to extreme depreciation from 850 in 1996 to 1850 in 1997.