The South Korean won fell to around 1,465 per dollar, extending losses for another session as mounting geopolitical tensions in the Middle East continued to dampen sentiment. Pressure on the currency intensified after President Donald Trump signaled that Washington anticipates its military campaign against Iran could run for 4 to 5 weeks, while stressing that American forces have the capacity to extend operations if required. Amid rising uncertainty, the Bank of Korea convened an emergency task force meeting to assess spillovers to domestic financial markets. Governor Rhee Chang-yong and senior officials reviewed the implications of the coordinated US-Israel strikes for the won, as well as for local bond and equity markets, and discussed policy options under various escalation scenarios. Meanwhile, traders digested fresh economic data, with South Korea’s Manufacturing PMI easing slightly to 51.1 in February 2026 from 51.2, signaling continued but modest expansion in factory activity.

The USD/KRW exchange rate rose to 1,464.7000 on March 3, 2026, up 0.74% from the previous session. Over the past month, the South Korean Won has weakened 0.18%, and is down by 0.75% over the last 12 months. Historically, the USDKRW reached an all time high of 1995 in December of 1997. South Korean Won - data, forecasts, historical chart - was last updated on March 3 of 2026.

The USD/KRW exchange rate rose to 1,464.7000 on March 3, 2026, up 0.74% from the previous session. Over the past month, the South Korean Won has weakened 0.18%, and is down by 0.75% over the last 12 months. The South Korean Won is expected to trade at 1453.02 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1411.28 in 12 months time.



Crosses Price Day Year Date
USDKRW 1,465.7500 11.7700 0.81% 0.82% Mar/03
GBPKRW 1,962.3485 12.8376 0.66% 5.90% Mar/03
AUDKRW 1,040.2595 8.8934 0.86% 14.54% Mar/03
NZDKRW 870.5031 6.6936 0.77% 6.34% Mar/03
KRWJPY 0.1074 -0.0008 -0.77% 4.28% Mar/03
KRWCNY 0.0047 -0.00005 -0.96% -5.79% Mar/03
KRWCHF 0.0005 -0.000003 -0.62% -13.77% Mar/03
KRWCAD 0.0009 -0.00001 -0.76% -5.60% Mar/03
KRWMXN 0.0118 -0.0001 -0.75% -15.91% Mar/03
EURKRW 1,711.0034 10.2367 0.60% 12.79% Mar/02
KRWINR 0.0632 -0.0004 -0.57% 4.92% Feb/27
KRWBRL 0.0036 -0.000003 -0.09% -11.01% Feb/27
KRWRUB 0.0537 -0.00001 -0.02% -11.24% Feb/27
KRWARS 0.9780 -0.0051 -0.52% 33.61% Feb/27
KRWCZK 0.0142 -0.0001 -0.74% -14.06% Feb/27
KRWDKK 0.0044 -0.00003 -0.70% -11.20% Feb/27
KRWHUF 0.2213 -0.0013 -0.57% -16.68% Feb/27
KRWIDR 11.6554 -0.0438 -0.37% 2.11% Feb/27
KRWMYR 0.0027 -0.00001 -0.47% -11.90% Feb/27
 Currencies
 KRW...
 ...KRW



Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.70 percent Jan 2026
South Korea Inflation Rate 2.00 2.30 percent Jan 2026
South Korea Interest Rate 2.50 2.50 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jan 2026
South Korea Unemployment Rate 3.00 3.30 percent Jan 2026
United States Unemployment Rate 4.30 4.40 percent Jan 2026

South Korean Won
The USDKRW spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the KRW. While the USDKRW spot exchange rate is quoted and exchanged in the same day, the USDKRW forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1464.70 1453.98 1995.00 667.20 1983 - 2026 Daily

News Stream
Korean Won Hits Three-Week Low
The South Korean won fell to around 1,465 per dollar, extending losses for another session as mounting geopolitical tensions in the Middle East continued to dampen sentiment. Pressure on the currency intensified after President Donald Trump signaled that Washington anticipates its military campaign against Iran could run for 4 to 5 weeks, while stressing that American forces have the capacity to extend operations if required. Amid rising uncertainty, the Bank of Korea convened an emergency task force meeting to assess spillovers to domestic financial markets. Governor Rhee Chang-yong and senior officials reviewed the implications of the coordinated US-Israel strikes for the won, as well as for local bond and equity markets, and discussed policy options under various escalation scenarios. Meanwhile, traders digested fresh economic data, with South Korea’s Manufacturing PMI easing slightly to 51.1 in February 2026 from 51.2, signaling continued but modest expansion in factory activity.
2026-03-02
Korean Won Retreats After Multi-Month High
The South Korean won weakened to around 1,437 per dollar, reversing gains as investors booked in profits following multi-month highs. Despite the short-term pullback, domestic economic fundamentals remain solid. January tax revenue rose 13.4% year-on-year to 52.9 trillion won, driven by higher value-added tax and income tax collections, reflecting strong consumer spending, employment growth, and active real estate activity. On the international front, sentiment was bolstered as South Korea deepened strategic economic ties with the United Arab Emirates, agreeing to over US$65 billion in cooperation projects, including $35 billion in defense and $30 billion in investment initiatives. The partnership spans defense, nuclear energy, and potential joint expansion into third-country markets, offering long-term growth opportunities for Korean firms and supporting foreign investment inflows.
2026-02-27
South Korean Won Hits 4-Month High
The South Korean won strengthened to around 1,422 per dollar, marking a four-month high as investor confidence improved following the Bank of Korea’s latest policy decision. The central bank held its benchmark interest rate steady at 2.5% for the sixth consecutive meeting, citing stronger-than-expected economic growth and the need to maintain financial stability. Supporting the currency, the BOK also raised its growth forecast for 2026 to 2%, up from 1.8%, reflecting robust exports and a rebound in private consumption. Separately, the government also tightened oversight of the tariff-rate quota system to curb abuses, designating high-risk items for “intensive management” and requiring importers to prove timely domestic distribution. With about 100 items benefiting from over KRW 1 trillion in annual tariff reductions, the measures aim to bolster price stability and support investor confidence in South Korean assets.
2026-02-26