Exchange Rate in Korea
Korea - Exchange Rate (average of period)
Korean won depreciates to over-five-year low
In February, the Korean won (KRW) continued to weaken against the U.S. dollar, prolonging the general depreciating trend that has been in place since May of last year. On 22 February, the currency traded at KRW 1,234 per USD, which was the weakest value in over five years. The reading was 2.9% weaker than the level observed on the same day of the previous month and 12.0% weaker than the level in the same month last year.
The depreciation of the won partly reflects the general capital outflow from emerging markets, including Korea, over rising global risk aversion, a slowdown in China and turmoil in frontier economies. Moreover, a bleaker economic outlook for Korea along with continued export sluggishness and increasing expectations for an interest rate cut by the Koran Central Bank are adding pressure on the won. On top of this, rising tensions with North Korea in recent weeks further reduced the attractiveness of Korean assets.
Met the why particular Consensus Forecast panelists expect the won to trade at 1,228 KRW per USD at the end of 2016. For 2017, the panel sees the Korean currency trading at 1,223 KRW per USD.
Korea - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||1,095||1,053||1,132||1,160||1,131|
5 years of economic forecasts for more than 30 economic indicators.
Korea Exchange Rate (aop) Chart
Source: Thomson Reuters
|Bond Yield||1.87||1.55 %||May 13|
|Exchange Rate||1,188||0.21 %||May 13|
|Stock Market||2,079||-0.11 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 2, 2019
Consumer prices rose 0.4% in month-on-month terms in April, contrasting the 0.2% fall registered in March.
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by Nikkei and reported by IHS Markit, recovered in April, rising to 50.2 from 48.8 in March.
May 1, 2019
Merchandise exports fell 2.0% over the same month last year in April to a total of USD 48.9 billion, following the 8.2% contraction logged in March (USD 47.1 billion).
April 30, 2019
Industrial production in the mining, manufacturing, and gas and electricity sectors dipped 2.8% over the same month a year prior in March, following the revised 3.4% decline registered in February (previously reported: -2.7% year-on-year).
April 30, 2019
The Bank of Korea’s forward-looking business confidence indicator (BSI) for manufacturers ticked up to 77 in May from 76 in April, while confidence in the non-manufacturing sector also improved slightly from 76 to 77.