KRW Market Update
02 Apr 2026 • 00:33 GMT
The South Korean won (KRW) has traded slightly weaker against the US dollar, trading around 0.000661, which is about 3.1% below its three-month average. The currency has remained within a narrow trading range, with recent moves staying between 0.000659 and 0.000701. This stability comes amid a strong US dollar driven by ongoing geopolitical tensions and rising oil prices, which keep investors seeking safety in the greenback.
The dollar's strength continues to be supported by global uncertainties, including geopolitical conflicts and expectations of further US interest rate hikes. These factors are weighing on the KRW, especially as South Korea's trade performance remains an important influence. Although the won has seen some decline, recent ranges show it is holding steady against other major currencies as well.
Investors will be watching for changes in US energy markets and any new statements from the Federal Reserve, which could influence USD movements further. Meanwhile, South Korea’s economic outlook and geopolitical stability will also play a role in determining whether the KRW can regain some ground in the near term.
📊 Quick forecast view
🔴 Mild downside
0.0010 – 0.0010
🌍 Global risk sentiment
