The South Korean won tumbled toward 1,460 per dollar, giving back gains from the previous session, pressured by ongoing dollar strength. The greenback was lifted by rising bond yields and expectations of a strong US jobs report, which may reinforce the outlook for fewer interest rate cuts by the Federal Reserve this year. The won faced additional pressure following the release of the latest Fed minutes, which signaled a potential slowdown in the pace of policy easing amid persistent inflation and uncertainty over Trump's policies. Domestically, the currency found support as South Korea's acting president pledged full efforts to stabilize the economy amid political crisis and committed to round-the-clock monitoring of financial markets for timely intervention. The government and ruling People Power Party also plan proactive measures to strengthen US trade ties and address potential impacts of incoming Trump administration’s policies.
The USDKRW increased 15.6500 or 1.07% to 1,475.0800 on Friday January 10 from 1,459.4300 in the previous trading session. Historically, the USDKRW reached an all time high of 1995.00 in December of 1997. South Korean Won - data, forecasts, historical chart - was last updated on January 11 of 2025.
The USDKRW increased 15.6500 or 1.07% to 1,475.0800 on Friday January 10 from 1,459.4300 in the previous trading session. The South Korean Won is expected to trade at 1490.30 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1546.38 in 12 months time.