Convert USD to 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.
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.
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.