The South Korean won strengthened to around 1,465 per dollar, reaching its highest level since early May, as stronger domestic growth prospects supported the currency. South Korea's economy expanded 0.6% in the second quarter, beating the Bank of Korea's 0.2% forecast, with robust exports, particularly semiconductors, and resilient private consumption helping offset lingering weakness in construction activity. The won was also supported by sustained foreign investor demand for Korean assets, with overseas investors returning to local equities as the KOSPI recovered, while improving sentiment toward the country's technology sector and export outlook supported capital inflows. Meanwhile, renewed Middle East tensions and a surge in oil prices posed downside risks, with escalating concerns over the US-Iran conflict and potential disruptions to energy supplies prompting caution in global markets.
The USD/KRW exchange rate fell to 1,465.0500 on July 24, 2026, down 0.72% from the previous session. Over the past month, the South Korean Won has strengthened 5.17%, but it's down by 5.88% 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 July 24 of 2026.
The USD/KRW exchange rate fell to 1,465.0500 on July 24, 2026, down 0.72% from the previous session. Over the past month, the South Korean Won has strengthened 5.17%, but it's down by 5.88% over the last 12 months. The South Korean Won is expected to trade at 1478.07 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1441.31 in 12 months time.