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KRW to JPY Forecasts – South Korean won to Japanese yen

Latest KRW to JPY forecasts including bank predictions, key market drivers and recent trends for KRW/JPY. See where analysts expect the pair to move and the factors likely to influence it.

 

KRW to JPY Forecast & Outlook

23 May 2026 • 00:58 GMT

KRW/JPY 0.1047

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.1030 – 0.1050
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, KRW/JPY is trading close to the recent 3-month low, supported by risk-off sentiment and stability within its recent range. Over the next few sessions, the pair could face downward pressure if risk appetite remains subdued, limiting near-term advances. Conditions may remain sensitive to global risk sentiment shifts.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions slightly less favourable than recent levels if the pair drops further.
  • Travellers: exchanging currency might encounter less advantageous rates when buying Japanese Yen (JPY).
  • Businesses: paying JPY invoices with KRW could face higher costs if the pair weakens further.

🧭 Key drivers

  • Rate gap: The rate gap remains uncertain, with the JPY supported by safe-haven flows amid risk-off conditions.
  • Risk/commodities: Global risk sentiment remains cautious, pressuring risk-sensitive currencies.
  • Global factors: US interest rate policies and BOJ signals continue to influence market mood.

⚠️ What could change it

  • Upside risk: A shift to risk-on conditions could strengthen KRW, supporting the pair.
  • Downside risk: Further risk aversion or USD strength could deepen declines in KRW/JPY.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

KRW-JPY Rate Calculator

 
 
   
   
   
   
   
 
 

KRW to JPY Market Data

South Korean won (KRW) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell KRW   →   Buy JPY
1 KRW =
0.1057We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.3%▲
KRW to JPY is at 7-day highs near 0.1065, near its 3-month average, having traded in a very stable 3.7% range from 0.1045 to 0.1084
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  1 JPY = 9.4618 KRW

Compare & Save - South Korean won to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare South Korean won (KRW) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our KRW to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on South Korean won to Yen currency rates and the possible savings of using various providers.

 
 

Will the South Korean won rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the South Korean won vs Japanese yen current value is to look the KRW/JPY historic rate and change over a range of periods.

The following table looks at the change in the KRW to JPY exchange rate over periods from the previous week back to the last 10 years.

DateKRW/JPYPeriod
09 May 2026
0.1072
2 Week
22 Feb 2026
0.1068
3 Month
23 May 2025
0.1044
1 Year
24 May 2021
0.0969
5 Year
25 May 2016
0.0930
10 Year
28 May 2006
0.1189
20 Year
KRW/JPY historic rates

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add KRW/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more