Korean Won – US Dollar Weekly FX Rate Forecast

Here’s this week’s forecast for the Korean won-US dollar exchange rate from Hana Bank.

The weekly forecast is neither a guarantee nor a promise of accuracy and is intended to give our readers information on the forecasted foreign exchange rate from the bank each week.

Check out the most up-to-date foreign currency exchange rates for over 40 currencies here.

Trading range: 1,145 – 1,155 KRW per 1 USD

This week’s forecast:

A positive forecast about U.S. economic stimulus policy is expected to strengthen risk-on sentiment this week. Nevertheless, vigilance toward U.S.’s policy volatility as well as a fluctuating Chinese yuan will limit the rate’s bottom line

Last week’s trend:

 The Korean won-U.S. dollar (KRW-USD) exchange rate opened the week down, due to various risk-on factors including U.S. President Trump leaving the hospital earlier than expected after testing positive for the coronavirus.

At mid-week, risk-averse sentiment strengthened as the U.S. president called off stimulus talks in Congress, but the greenback gained strength later as Mr. Trump signaled support for airlines.

At the end of the week, the KRW-USD exchange rate fell due to a stronger Chinese yuan, closing the week in the low 1,150s.

Disclaimer: Neither Hana Bank nor Haps Korea shall accept any liability for any damage or loss, including but not limited to profit or loss, that may arise either directly or indirectly from use of this information.


Haps Staff
Is there something you'd like to see featured in Haps? Drop us a line: [email protected]

Subscribe to our newsletter

Twice-weekly updates to your inbox

The Latest

World Peace Forum

This event is held online to participate in keeping a social distance to prevent the spread of COVID-19 on YouTube.
clear sky
11 ° C
11 °
11 °
71 %
0 %
14 °
18 °
20 °
20 °
18 °

Dine & Drink

Five COVID-ERA Fast Food Restaurant Best Practices

In the Food and Beverage sector in general, Fast Casual, Café’s, and QSRs (Quick Service Restaurants) have been adapting to COVID-19. Many of these practices, in fact, can be adapted even in dense urban areas like Seoul, South Korea.

Dongnae-gu Looks to Address “No Kid Zone” Restaurant Problem

So-called “no kid zone” restaurants and businesses that ban children from entering the establishment are once again becoming a social issue in the city as parents looking to dine with their kids are finding fewer places to frequent.