Convert USD to KRW - US Dollar to Korean won Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/KRW EXCHANGE RATE
The USD/KRW symbol represents the currency pair trading the US dollar against the South Korean won - a pair that trades the most important currency in the forex market against one of the more popular Asian currencies. The US dollar is considered a reserve currency as the US economy is considered the world's most powerful economy, offering its official currency high liquidity in addition to giving it the status of a safe haven currency that investors turn to in times of geopolitical or economic uncertainty worldwide.The South Korean won used to be pegged to the US dollar at a rate of 15 KRW to 1 USD, which was later removed as the currency underwent multiple rounds of devaluation following the Korean war. It turned into a floating currency by the end of 1997 based on an agreement with the IMF.The KRW is a fully convertible currency and is one of the most traded currencies out of Asia. South Korea's economy is heavily dependent on trade, with the nation being a key exporter of technology and automobiles. As a result, the exchange rate of the USD/KRW experiences most volatility when markets trade with a risk-on sentiment. In such times, the risk appetite of investors is higher and they are more eager to move their capital from the safety of stable majors towards the more volatile emerging market currencies.
USD to KRW CONVERSION RATES
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USD to KRW CHARTS
USD/KRW Live Chart
USD/KRW Historical Chart
USD to KRW EXCHANGE RATE - FAQ
What economic events affect the exchange rate of USD/KRW?

The USD/KRW exchange rate sees considerable fluctuations on the release of important economic data from the US and from South Korea, including GDP, inflation, business confidence, consumer confidence, industrial production, trade balance and retail sales.

How do central bank decisions influence the USD/KRW currency rate?

The USD and the KRW experience changes in their value on the release of monetary policy and interest rate decisions from the Federal Reserve and the Bank of Korea respectively. For instance, if the Fed cuts interest rates or turns more dovish towards its monetary policy, the USD weakens, causing this forex pair to trade bearish, and vice versa.

What is a good time to trade USD/KRW?

The USD/KRW currency pair sees most market moving events release in the US session as well as in the Asian session, giving forex traders a wide window of time to place trades when the pair is most volatile. A good time to trade this forex pair is between 00:00 GMT and 06:30 GMT as well as between 12:00 GMT and 20:00 GMT.