Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the South Korean Won (KRW) has experienced notable fluctuations over the past few months. Understanding these trends is essential for businesses, investors, and individuals engaged in transactions between Canada and South Korea.

Overview of Recent Exchange Rate Trends

In 2025, the CAD/KRW exchange rate has exhibited both upward and downward movements. The highest recorded rate was 1,042.86 KRW per CAD on April 8, 2025, while the lowest was 986.81 KRW per CAD on June 9, 2025. The average exchange rate during this period was approximately 1,010.93 KRW per CAD. (exchange-rates.org)

Monthly Breakdown

January 2025:
- Range: 1,026.86 KRW to 1,010.48 KRW per CAD.
- Trend: The month began with a higher exchange rate, gradually decreasing towards the end.

February 2025:
- Range: 1,017.85 KRW to 999.84 KRW per CAD.
- Trend: The exchange rate fluctuated, reaching its peak on February 7 and its lowest on February 25. (exchange-rates.org)

March 2025:
- Range: 1,025.11 KRW to 1,006.23 KRW per CAD.
- Trend: The rate showed a slight upward trend, peaking on March 26. (exchange-rates.org)

April 2025:
- Range: 1,042.86 KRW to 1,020.90 KRW per CAD.
- Trend: April saw the highest exchange rate of the year on April 8, followed by a gradual decline. (exchange-rates.org)

May 2025:
- Range: 1,036.84 KRW to 995.11 KRW per CAD.
- Trend: The exchange rate experienced significant volatility, with a sharp decline in early May. (exchange-rates.org)

June 2025:
- Range: 1,007.29 KRW to 986.81 KRW per CAD.
- Trend: June recorded the lowest exchange rate of the year on June 9, with slight recoveries towards the month's end. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in economic growth rates, employment figures, and inflation between Canada and South Korea can impact currency values.

2. Monetary Policies: Decisions by the Bank of Canada and the Bank of Korea regarding interest rates and monetary policies influence investor confidence and currency demand.

3. Trade Balances: The trade relationship between the two countries affects currency demand. A trade surplus in South Korea may strengthen the KRW against the CAD.

4. Global Market Sentiment: External factors, such as geopolitical events and global economic trends, can lead to shifts in investor behavior, impacting exchange rates.

Implications for Stakeholders

• Businesses: Companies engaged in import-export activities between Canada and South Korea should monitor exchange rate trends to manage costs and pricing strategies effectively.

• Investors: Currency fluctuations can affect the returns on investments denominated in CAD or KRW. Diversifying portfolios and employing hedging strategies can mitigate risks.

• Travelers and Remittances: Individuals planning to travel or send money between the two countries should consider exchange rate trends to optimize the value received.

Conclusion

The CAD/KRW exchange rate in 2025 has been characterized by significant fluctuations influenced by various economic and external factors. Staying informed about these trends is crucial for making informed financial decisions.