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Market Commentary 31528
June, 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 1120.23 South Korean Wons to the USD.
The table shows a HDTFA of 112.19 which suggests that the July, 2020
currency exchange rate could easily fall between 1232.43 and 1008.04
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) 1135.50
Average (Last 10 Years) 1123.08
High (Last 12 Months) 1187.83 (May, 2019)
Low (Last 12 Months) 1110.91 (January, 2019)
High (Since April, 1981) 1707.30 (January, 1998)
Low (Since April, 1981) 669.25 (May, 1989)
The South Korean Won exchange rate for June, 2019 averaged 1154.88 KRW
to USD. That's 3295.0 basis points lower than the May, 2019 rate of 1187.83,
and 6052 basis points higher than the June, 2018 rate of 1094.36. The fall in
the KRW/USD exchange rate from May to June provides evidence that the short
term trend in KRW/USD is down. In other words, a weakening of the US Dollar
against the South Korean Won in the short term. If that trend continues in the
currency market, we should see an average daily rate in July, 2019 that is close
to 1121.93.
The average South Korean Won conversion rate over the last 12 months was
1135.50. The average rate over the last 10 years was 1123.08. 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 1187.83.
The lowest was 1110.91. The market high was attained in May, 2019. The
market low was achieved in January, 2019.
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
986.07 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 June of 2019 are high relative to the
historical 986.07 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.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
June, 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 1120.23 South Korean Wons to the USD.
The table shows a HDTFA of 112.19 which suggests that the July, 2020
currency exchange rate could easily fall between 1232.43 and 1008.04
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) 1135.50
Average (Last 10 Years) 1123.08
High (Last 12 Months) 1187.83 (May, 2019)
Low (Last 12 Months) 1110.91 (January, 2019)
High (Since April, 1981) 1707.30 (January, 1998)
Low (Since April, 1981) 669.25 (May, 1989)
The South Korean Won exchange rate for June, 2019 averaged 1154.88 KRW
to USD. That's 3295.0 basis points lower than the May, 2019 rate of 1187.83,
and 6052 basis points higher than the June, 2018 rate of 1094.36. The fall in
the KRW/USD exchange rate from May to June provides evidence that the short
term trend in KRW/USD is down. In other words, a weakening of the US Dollar
against the South Korean Won in the short term. If that trend continues in the
currency market, we should see an average daily rate in July, 2019 that is close
to 1121.93.
The average South Korean Won conversion rate over the last 12 months was
1135.50. The average rate over the last 10 years was 1123.08. 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 1187.83.
The lowest was 1110.91. The market high was attained in May, 2019. The
market low was achieved in January, 2019.
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
986.07 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 June of 2019 are high relative to the
historical 986.07 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.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
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...
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...
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Forecast & Current Analysis: South Korean Won (KRW)
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