KRW Market Update
01 May 2026 • 00:36 GMT
The South Korean won has remained relatively steady against major currencies recently. Against the US dollar, the KRW is near its 3-month average at approximately 0.000678, holding within a narrow range of 6.4%. This stability comes as the dollar has been strengthening due to rising oil prices and cautious Fed signals of potential rate hikes, driven by geopolitical tensions in the Middle East.
The KRW has also shown minor movement against the euro and Canadian dollar, trading just below its 3-month average levels. Notably, the won weakened slightly against the Japanese yen, trading near its lower recent range, influenced by the broader dollar strength. Meanwhile, the KRW is at 90-day lows versus the Australian dollar, reflecting some softening amid global risk factors.
Overall, the KRW remains stable in the current environment, with limited volatility against its main trading partners. Investors are watching how geopolitical developments and US monetary policy may continue to influence the currency in the coming weeks.
📊 Quick forecast view
⚪ Range-bound
N/A
🌍 Global risk sentiment
⚪ Range-bound