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    Currency outlook KRW/USD

    KRW to USD Forecast & Outlook

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

    KRW to USD Forecast & Outlook

    08 Aug 2026 • 01:09 GMT

    KRW/USD 0.000710

    Forecast snapshot

    Quick KRW/USD forecast

    Near-term bias🔴 Mild downside
    Expected range0.0010 – 0.0010
    Dominant driver🌍 Global risk sentiment
    3-month trend🟢 Uptrend

    Currently, KRW/USD is trading near recent highs close to the 90-day average, supported by risk-off sentiment and global risk aversion. The pair holds near 0.000710, trading close to the top of its recent range. Over the next few sessions, the pair may remain supported by safe-haven flows, but its upside could be limited by underlying risk conditions and cautious global outlooks.

    💸 Transfer implications

    • Expats: sending money to the US Dollar may find current levels relatively favourable compared to recent lows.
    • Travellers: exchanging currency might see some support for KRW when buying USD cash, but caution is advised if risk sentiment shifts.
    • Businesses: paying overseas USD invoices with KRW may face less favourable exchange conditions if the pair weakens further.

    🧭 Key drivers

    • Rate gap: The US Federal Reserve maintains higher interest rates than South Korea, contributing to the recent rally in USD.
    • Risk/commodities: Elevated risk-off conditions and safe-haven flows are supporting the US dollar, pressured by geopolitical tensions and energy prices.
    • Global factors: Global risk aversion remains elevated, boosting USD demand amid concerns over energy prices and geopolitical events.

    ⚠️ What could change it

    • Upside risk: A reduction in global risk aversion, or a shift toward risk-on environment, could weaken USD support.
    • Downside risk: Geopolitical escalation or a sharper slowdown in global growth could pressure USD further, emphasizing safe-haven flows.

    BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can help offset less favourable exchange conditions. Finding providers with lower margins can reduce total transfer costs.

    USDKRW Bank Forecasts to end of the year

    The outlook for USDKRW to the end of the year reflects expectations of Korean won strength against the U.S. dollar, driven by factors such as trade balances and capital inflows. While current USD levels are historically high, major banks anticipate a reversal with the won appreciating as the year progresses. Bank of America and UBS both foresee the USDKRW falling below current levels, supported by favorable balance of payments and government interventions.

    Big bank views

    • Bank of America forecasts USDKRW to reach 1,395 by the end of the year, reflecting a stronger won.
    • UBS projects the rate dropping below 1,400 due to strong balance of payments flows.
    • Bank of America also highlights the impact of Korean Treasury bonds' inclusion in global indices as support for won appreciation.

    What could change the outlook

    • More aggressive than expected U.S. interest rate hikes could bolster the USD, limiting KRW appreciation.
    • Negative shifts in South Korea's trade balance or economic performance might weaken the won against the U.S. dollar.

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    Rate direction

    KRW to USD market data

    South Korean won (KRW) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

    Sell KRW   →   Buy USD
    1 KRW =
    0.000710We compare provider deals to this wholesale mid-market rate. Read more
    USD
    1D+1.0%▲
    90dHighs
    KRW to USD is at 90-day highs near 0.000710, 6.3% above its 3-month average of 0.000668, having traded in a quite volatile 10.8% range from 0.000641 to 0.000710
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      1 USD = 1,407.9 KRW
     

    Will the South Korean won rise against the US dollar?

    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 US dollar current value is to look the KRW/USD historic rate and change over a range of periods.

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

    DateKRW/USDPeriod
    25 Jul 2026
    0.000685
    		2 Week
    10 May 2026
    0.000684
    		3 Month
    08 Aug 2025
    0.000720
    		1 Year
    09 Aug 2021
    0.000872
    		5 Year
    10 Aug 2016
    0.000910
    		10 Year
    13 Aug 2006
    0.001040
    		20 Year
    KRW/USD 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/USD to your personalised Rate Tracker to track and benefit from currency movements.

     
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