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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

04 Jul 2026 • 01:03 GMT

USD/KRW 1529

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1529.0000 – 1560.0000
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: 🟢 Uptrend

Currently, USD/KRW is trading near 7-day lows around 1529, holding above its 3-month average of 1503. The dominant driver is the rate differential, with US rate hike expectations supporting USD in the medium term. The pair remains supported by risk-off sentiment, as investors seek safe assets, but is consolidating within its recent range. Near-term conditions suggest the pair could face some downside pressure before potentially rebounding if U.S. economic data improves.

💸 Transfer implications

  • Expats: sending money to South Korea may find current levels less favourable as USD weakens against KRW.
  • Travellers: buying cash in KRW could see rates supportive of better exchange, but conditions may soften if the pair declines further.
  • Businesses: paying KRW invoices with USD might face less advantageous conversion rates if the USD KRW dips further.

🧭 Key drivers

  • Rate gap: US yields remain higher, supporting USD compared to KRW, but the pair trades above the 90-day average.
  • Risk/commodities: Global risk-off shifts support USD, while mixed Korea data keeps KRW range-bound.
  • Global factors: US trade balance data continues to influence USD strength.

⚠️ What could change it

  • Upside risk: Unexpected US rate hike warnings or improved global risk appetite could bolster the USD.
  • Downside risk: Deterioration in South Korea’s trade balance or economic data may weaken USD support.

BER suggests comparing FX providers may help offset less favourable exchange rates and reduce 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.
 

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 =
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KRW
1d+0.1%▲
USD to KRW at 1530 is 1.7% above its 3-month average of 1504, having traded in a relatively stable 7.9% range from 1446 to 1560
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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
22 Jun 2026
1539.57
0.4% ▼2 Week
07 Apr 2026
1500.14
2.2% ▲3 Month
06 Jul 2025
1363.20
12.4% ▲1 Year
07 Jul 2021
1141.52
34.3% ▲5 Year
08 Jul 2016
1155.73
32.6% ▲10 Year
11 Jul 2006
946.59
61.9% ▲20 Year
USD/KRW historic rates & change to 06-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.

 
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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