Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the South Korean Won (KRW) has exhibited notable fluctuations over the past few months, reflecting a complex interplay of economic factors and market dynamics. Understanding these trends is essential for businesses, investors, and policymakers engaged in Swiss-Korean financial activities.

Recent Exchange Rate Trends

As of March 8, 2025, the CHF/KRW exchange rate stood at approximately ₩1,643.32 per Swiss Franc. This represents a slight decrease of 0.04% from the previous day's rate of ₩1,643.94. Over the preceding week, the exchange rate fluctuated between a low of ₩1,619.20 and a high of ₩1,643.94, indicating a volatility of 9.02% during this period.

Historical Context

Looking back over the past year, the CHF/KRW exchange rate has experienced a general upward trend. On March 8, 2024, the rate was ₩1,500.28 per Swiss Franc, which means the Swiss Franc has appreciated by approximately ₩143.04, or about 9.5%, over the year.

In 2024, the exchange rate reached its highest point on December 27, at ₩1,633.63 per Swiss Franc, and its lowest on March 26, at ₩1,485.16. The average exchange rate for the year was ₩1,548.51, reflecting a 5.92% increase compared to the previous year.

Factors Influencing the Exchange Rate

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

• Economic Performance: Switzerland's stable economy and strong financial sector have bolstered the Swiss Franc's value. Conversely, South Korea's export-driven economy is susceptible to global trade dynamics, which can impact the Won's strength.

• Monetary Policies: The Swiss National Bank's monetary policies, including interest rate decisions and interventions in the foreign exchange market, play a significant role in the Franc's valuation. Similarly, the Bank of Korea's policies influence the Won's performance.

• Global Economic Events: Events such as trade tensions, geopolitical developments, and global financial market trends can affect investor sentiment and currency valuations.

Forecasts and Projections

Looking ahead, forecasts suggest a continued appreciation of the Swiss Franc against the South Korean Won. Projections indicate that the exchange rate could reach ₩1,736.89 within the next month, representing a 4.75% increase from the current rate. Over the next six months, the rate is expected to rise by 12.16% to ₩1,859.81, and within a year, it could increase by 18.31% to ₩1,961.77.

These projections are based on current market trends and economic indicators. However, exchange rates are influenced by a multitude of unpredictable factors, and actual future rates may differ from these forecasts.

Implications for Stakeholders

For businesses engaged in Swiss-Korean trade, the appreciating Swiss Franc could lead to higher costs for South Korean importers purchasing Swiss goods and services. Conversely, Swiss exporters may find their products becoming more expensive in the South Korean market, potentially affecting competitiveness.

Investors should consider the potential for currency appreciation when making investment decisions involving assets denominated in Swiss Francs or South Korean Won. Hedging strategies may be appropriate to manage exchange rate risk.

Policymakers in both countries should monitor these trends to assess their impact on trade balances, inflation, and overall economic stability.

Conclusion

The CHF/KRW exchange rate has shown a trend of Swiss Franc appreciation over the past year, influenced by various economic factors and market dynamics. While forecasts suggest continued appreciation, stakeholders should remain vigilant and consider the inherent uncertainties in currency markets when making financial decisions.