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The exchange rate between the Australian Dollar (AUD) and the South Korean Won (KRW) has exhibited notable fluctuations over the past several months. This report provides a comprehensive analysis of the AUD/KRW currency pair, examining historical trends, technical indicators, and potential future movements.

Historical Exchange Rate Trends

Over the six-month period from September 2024 to March 2025, the AUD/KRW exchange rate has experienced significant variability. The highest recorded rate during this timeframe was 927.84 KRW per AUD on December 3, 2024, while the lowest was 886.15 KRW per AUD on September 16, 2024. The average exchange rate over these six months was approximately 909.75 KRW per AUD, indicating a general appreciation of the Australian Dollar against the South Korean Won. (exchange-rates.org)

In the first quarter of 2025, the exchange rate continued to fluctuate. Notably, on March 14, 2025, the rate reached 917.96 KRW per AUD, marking the highest point in that period. Conversely, the lowest rate in 2025 was 896.67 KRW per AUD on January 30. (exchange-rates.org)

Technical Analysis

As of March 20, 2025, technical indicators suggested a bearish outlook for the AUD/KRW pair. The Relative Strength Index (RSI) stood at 39.22, indicating a sell signal. Other indicators, such as the Stochastic Oscillator (29.204) and the Moving Average Convergence Divergence (MACD) at -0.35, also pointed towards selling pressure. (investing.com)

Moving averages further supported this bearish sentiment. Both simple and exponential moving averages for 5, 10, 20, 50, and 100-day periods were below the current price, signaling potential downward momentum. However, the 200-day moving average was above the current price, suggesting a longer-term bullish trend. (investing.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the AUD/KRW exchange rate:

• Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between Australia and South Korea can significantly impact the exchange rate. For instance, if Australia's economy grows faster than South Korea's, the AUD may strengthen against the KRW.

• Geopolitical Events: Political developments, trade agreements, and international relations can influence investor confidence and currency valuations. Any significant events affecting either country can lead to volatility in the exchange rate.

• Central Bank Policies: Decisions by the Reserve Bank of Australia and the Bank of Korea regarding interest rates and monetary policies play a crucial role in currency valuation. Divergent policies can lead to capital flows that affect the exchange rate.

Future Outlook

Forecasts for the AUD/KRW exchange rate suggest a potential upward trend. Projections indicate that the rate could reach approximately 936.29 KRW per AUD in the next month, representing a 1.22% increase from the current rate. Over the next six months, the exchange rate is expected to rise by 3.58%, potentially reaching 958.15 KRW per AUD. (coincodex.com)

However, it's essential to approach these forecasts with caution. Currency markets are influenced by a myriad of unpredictable factors, including economic data releases, geopolitical events, and changes in market sentiment. Therefore, while the outlook appears bullish, investors should remain vigilant and consider a range of scenarios.

Conclusion

The AUD/KRW exchange rate has demonstrated considerable volatility over the past several months, influenced by economic indicators, geopolitical events, and central bank policies. While technical analysis as of March 2025 suggested a bearish short-term outlook, longer-term forecasts indicate potential appreciation of the Australian Dollar against the South Korean Won. Investors and stakeholders should closely monitor ongoing developments and consider both technical indicators and fundamental factors when making decisions related to this currency pair.