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

USD to KRW Forecasts – US dollar to South Korean won

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

18 Jul 2026 • 01:04 GMT

USD/KRW 1488

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1488.0000 – 1560.0000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, USD/KRW is trading close to the 90-day average and near recent highs, with the pair pressured by risk-off sentiment. The dominant driver of this move is risk sentiment, supported by global geopolitical tensions and cautious risk appetite. Over the next few sessions, the pair may remain sensitive to shifts in global risk conditions and could face downward pressure if risk aversion intensifies.

💸 Transfer implications

  • Expats: sending money to South Korea may find payments less favourable than recent levels if USD/KRW continues to decline.
  • Travellers: exchanging USD for KRW might see slightly more favourable rates if the pair sustains its downward bias.
  • Businesses: paying KRW invoices in USD could encounter less advantageous exchange rates if this trend persists.

🧭 Key drivers

  • Rate gap: The USD remains supported by higher U.S. interest rates, while the KRW benefits from export strength, but currently, the USD's rate advantage is limited.
  • Risk/commodities: Elevated geopolitical tensions and risk-off flows are supporting safe-haven currencies, including the USD.
  • Global factors: The pair is influenced by risk sentiment shifts, with the global risk-off mode pressing the USD and pressuring the KRW.

⚠️ What could change it

  • Upside risk: If geopolitical tensions ease or risk sentiment turns more positive, USD/KRW could rebound.
  • Downside risk: A deterioration in global risk appetite or worsening trade data from South Korea could push the pair lower.

BER suggests comparing FX providers to find lower margins, helping offset less favourable exchange rates in the current environment.

 

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.
 

USD-KRW Rate Calculator

 
 
   
   
   
   
   
 
 

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 =
1,476.0We compare provider deals to this wholesale mid-market rate. Read more
KRW
1d+0.1%▲
USD to KRW at 1489 is 1.1% below its 3-month average of 1506, having traded in a relatively stable 7.9% range from 1446 to 1560
|
Tracker

Manage Tracker   

Compare & Save - US dollar to South Korean won

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

Use our USD to KRW 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 Dollar to South Korean won currency rates and the possible savings of using various providers.

 
 

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
06 Jul 2026
1529.01
3.1% ▼2 Week
21 Apr 2026
1486.80
0.3% ▼3 Month
20 Jul 2025
1391.57
6.5% ▲1 Year
21 Jul 2021
1149.60
28.9% ▲5 Year
22 Jul 2016
1136.92
30.3% ▲10 Year
25 Jul 2006
952.28
55.6% ▲20 Year
USD/KRW historic rates & change to 20-Jul-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   

 

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