The KRW to USD exchange rate is currently bearish, reflecting ongoing weakness in the South Korean won due to several economic factors.
The Bank of Korea has expressed concerns over inflation, which could rise significantly if the KRW continues to depreciate against the USD. Additionally, the Federal Reserve's anticipated interest rate cuts in 2026 suggest a weaker USD in the near term. Currency experts anticipate the KRW will average between ₩1,440 and ₩1,500, largely due to policy measures aimed at stabilizing the currency and increasing foreign investment.
In the near term, expect the KRW to trade within a stable range close to recent levels. Upside risks include stronger-than-expected demand for South Korean exports, while downside risks involve worsening global economic conditions affecting overall currency sentiment.
Recent price data shows the KRW to USD at 0.000693, slightly above its three-month average and within a relatively stable range of 5.2%.