Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

    Currency outlook USD/KRW

    USD to KRW Forecast & Outlook

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

    USD to KRW Forecast & Outlook

    01 Aug 2026 • 01:02 GMT

    USD/KRW 1443

    Forecast snapshot

    Quick USD/KRW forecast

    Near-term bias🟢 Mild upside
    Expected range1424.0000 – 1448.9200
    Dominant driver🌍 Global risk sentiment
    3-month trend🟢 Uptrend

    Currently, USD/KRW is trading close to the 90-day average and near recent lows, supported by risk-off sentiment that favours safe-haven currencies. The pair remains within its recent range, with the dominant driver being risk sentiment. Near-term conditions suggest the pair may stay supported if risk aversion persists, but it could face pressure if global risk appetite improves.

    💸 Transfer implications

    • Expats: sending money to South Korea may find the exchange more favourable than recent levels.
    • Travellers: exchanging currency might benefit from holding onto KRW if the pair stays supported.
    • Businesses: paying overseas invoices in KRW may see stable or slightly improved rates for USD-based payments.

    🧭 Key drivers

    • Rate gap: The USD continues to trade below its 90-day average, indicating limited upward pressure from yield differentials.
    • Risk/commodities: Risk-off flows are supporting USD and JPY, pressuring risk-sensitive currencies like KRW.
    • Global factors: Heightened geopolitical tensions and US economic data are amplifying safe-haven demand.

    ⚠️ What could change it

    • Upside risk: Unexpected easing of global risk appetite could weaken USD/KRW.
    • Downside risk: Sudden deterioration in Korean trade balance or trade disruptions could boost the won.

    Finding providers with lower margins may help 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.

    Compare before you exchange

    Compare USD to KRW rates

    Check today’s provider offers alongside the market outlook before you make a transfer.

    USD/KRW exchange-rate comparison Compare rates and typical FX costs

     
     
       

    Rate direction

    USD to KRW market data

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

    Sell USD   →   Buy KRW
    1 USD =
    1,422.6We compare provider deals to this wholesale mid-market rate. Read more
    KRW
    1D−1.0%▼
    USD to KRW at 1429 is 4.8% below its 3-month average of 1501, having traded in a fairly volatile 9.6% range from 1424 to 1560
    |
    Tracker

    Manage Tracker   

     

    Will the US dollar rise against the South Korean won?

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

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

    DateUSD/KRWChangePeriod
    20 Jul 2026
    1475.64
    		3% ▼2 Week
    05 May 2026
    1474.96
    		3% ▼3 Month
    03 Aug 2025
    1391.18
    		2.9% ▲1 Year
    04 Aug 2021
    1145.03
    		25% ▲5 Year
    05 Aug 2016
    1113.18
    		28.6% ▲10 Year
    08 Aug 2006
    963.52
    		48.5% ▲20 Year
    USD/KRW historic rates & change to 03-Aug-2026

    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 USD/KRW to your personalised Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage Tracker