Korea skyline

Korea Exchange Rate

Korea Exchange Rate

Exchange Rate in Korea

The South Korean won experienced periods of depreciation from 2013 to 2022, particularly during times of global economic uncertainty, but also saw phases of appreciation, reflecting South Korea's robust export sector and the government's sound economic management. The currency depreciated overall against the U.S. dollar in the decade to 2022.

The exchange rate ended 2022 at KRW 1,265 per USD, compared to the end-2021 value of KRW 1,189 per USD and the figure a decade earlier of KRW 1,055 per USD. For more exchange rate information, visit our dedicated page.

Korea Exchange Rate Chart

Note: This chart displays Exchange Rate (vs USD) for Korea from 2014 to 2023.
Source: MSCI Inc.

Korea Exchange Rate Data

2018 2019 2020 2021 2022
Exchange Rate (KRW per USD, eop) 1,116 1,156 1,086 1,189 1,265
Exchange Rate (KRW per USD, aop) 1,100 1,166 1,180 1,145 1,292
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean exchange rate projections for the next ten years from a panel of 21 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Korean exchange rate.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean exchange rate projections.

Want to get access to the full dataset of Korean exchange rate forecasts? Send an email to info@focus-economics.com.

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