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Market Commentary  30614
January, 2019 Data:

The 12 month forecast for the South Korean Won is in the table at the top of
this page. Forecast-Chart.com is forecasting that the exchange rate for the
South Korean Won will be roughly 1077.58 South Korean Wons to the USD.
The table shows a HDTFA of 106.96 which suggests that the February, 2020
currency exchange rate could easily fall between 1184.54 and 970.62
KRW/USD. Links to Forecasts for fourteen other currencies may be found by
clicking Currency Exchange Forecasts at the top of this page.

All data and calculations on this page are based on the average daily rate per
calendar month for KRW/USD.

HISTORICAL EXCHANGE RATE SUMMARY: KRW/USD
Average (Last 12 Months)        1103.87
Average (Last 10 Years)          1131.14
High (Last 12 Months)             1139.94   (October, 2018)
Low (Last 12 Months)              1067.99   (April, 2018)
High (Since April, 1981)      1707.30   (January, 1998)
Low (Since April, 1981)       669.25   (May, 1989)

The South Korean Won exchange rate for January, 2019 averaged 1110.91
KRW to USD. That's 200.0 basis points lower than the December, 2018 rate of
1112.91, and 4527 basis points higher than the January, 2018 rate of 1065.64.  
The minor movement in the KRW/USD exchange rate from December to
January provides evidence that the short term trend in KRW/USD is relatively
flat. If that trend continues in the currency market, we should see an average
daily rate in February, 2019 that is close to 1108.91.

The average South Korean Won conversion rate over the last 12 months was
1103.87. The average rate over the last 10 years was 1131.14. The minimal
change in the South Korean Wons to dollars exchange rate over the last 12
months compared to average conversion rates over the last 10 years serve as
an indicator that the long term trend in KRW/USD is relatively flat.

The highest currency rate for KRW/USD over the last 12 months was 1139.94.
The lowest was 1067.99. The market high was attained in October, 2018. The
market low was achieved in April, 2018.

Forecast-Chart.com's historical research covers South Korean Won data back
to April, 1981. The average exchange value during that period of history was
984.23 KRW/USD. The highest rate was 1707.30. The lowest was 669.25.  The
market high was attained in January, of 1998. The market low was achieved in
May of 1989. Recent rates experienced in January of 2019 are similar to the
historical 984.23 average.

This page provides a five year chart and a forecast for the South Korean Won.
For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the South Korean Won. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The table above presents additional historical information on the South Korean
Won. Rate data is presented on an annual basis.






















Data Source: Board of Governors of the Federal Reserve System (US), South
Korea / U.S. Foreign Exchange Rate [EXKOUS], retrieved from FRED, Federal
Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EXKOUS

SignalTrend  Inc. 2008 - 2019; All rights reserved.

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Korean Wons per 1 US Dollar are shown in gray (average daily rate per calendar month). The
forecast for the target month is shown in green. If the line in the chart is falling (left to right), the US
Dollar has weakened,
causing...
Korean Won to US Dollar (KRW to USD) - 5 Year History
900
1000
1100
1200
Korean Won Forecast
Recent Currency Exchange Rates
1300
1400
1500
1600
Historical South Korean Won Rate (KRW USD)
Year
KRW/USD
Year
KRW/USD
Year
KRW/USD
Year
KRW/USD
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
732
776
808
872
885
826
735
674
711
737
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
784
806
807
773
805
954
1404
1190
1131
1292
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
1250
1192
1146
1024
954
929
1100
1275
1155
1107
2012
2013
2014
2015
2016
2017
2018
1126
1094
1053
1132
1160
1128
1100
Average annual currency exchange rate for the South Korean Won (KRW per U.S. Dollar)
is shown in this table: 1982 to present.
Forecast & Current Analysis: South Korean Won (KRW)
1/14
1/2015
1/2016
1/2017
1/2018
1/2019
1/2020
1/21
Korean Won Currency Exchange Rate Forecast
   
Target Month:
Forecast:
HDTFA:
February,2020
1077.58
106.96
 
Forecast for the currency exchange rate of the Korean Won for the
target month indicated, shown in Wons per US Dollars (KRW/USD).    
See commentary below.