Exchange Rate in Korea
Inflation softened in September to 5.6% from August’s 5.7%. Price pressures were dampened by lower crude prices. However, they remained above the BOK’s 2.0% target. Inflation is expected to ease by the end of 2022 and then further in 2023 on slowing domestic demand. Key factors to watch include the strength of the won and the evolution of oil prices.
Korea Exchange Rate Chart
Korea Exchange Rate Data
|Exchange Rate (KRW per USD, aop)||1,130.6||1,100.4||1,165.9||1,179.7||1,144.9|