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USD to KRW 2024 Forecasts

Analysis of recent Dollar → South Korean won forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to South Korean won performance and trends.

 

Forecasts for USD to KRW

 

Based on recent exchange rate forecasts and currency market updates, the USD to KRW exchange rate has been experiencing some volatility with the USD strengthening against the South Korean Won. The US Dollar has shown signs of recovery, supported by falling jobless claims and positive economic indicators, which have dampened expectations for imminent interest rate cuts by the Federal Reserve. FX analysts suggest that the US Dollar may see further gains if economic outperformance continues, with geopolitical tensions in regions such as Ukraine and the Middle East also potentially bolstering the USD.

Despite the positive outlook for the USD, South Korea has shown resilience in its economy, avoiding a technical recession as GDP expanded in the first quarter of 2023. Upside surprises in private consumption and exports have contributed to the stability of the South Korean Won. The USD to KRW exchange rate is currently at 14-day highs near 1336, slightly above its 3-month average, indicating some fluctuation but remaining within a stable range. With both external and internal factors influencing the currency pair, businesses and individuals involved in USD to KRW transactions should closely monitor market developments and economic data releases to make informed decisions regarding their foreign exchange activities.

 

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USD to KRW Market Data

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

 
1 USD =
1331.9We compare provider deals to this wholesale mid-market rate. Read more
KRW
-0.3%
📈2W
USD to KRW at 1332 is just 0.9% above its 3-month average of 1320, having traded in a quite stable 4.3% range from 1290 to 1345
|
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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.

 
DateUSD/KRWChangePeriod
16 Feb 2024
1332.58
0.1% 2 Week
02 Dec 2023
1294.00
2.9% 3 Month
02 Mar 2023
1311.41
1.6% 1 Year
03 Mar 2019
1127.60
18.1% 5 Year
04 Mar 2014
1071.52
24.3% 10 Year
06 Mar 2004
1174.64
13.4% 20 Year
USD/KRW historic rates & change to 01-Mar-2024
 

Will the US dollar rise against the South Korean won?

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.

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Read our Currency guide to South Korea - a practical currency and money guide to travel, living and doing business in South Korea with the South Korean won.

 
 

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