Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the South Korean Won (KRW) has experienced notable fluctuations over the past few months, influenced by various economic indicators and market sentiments. This report provides an analysis of the recent trends, technical indicators, and future projections for the EUR/KRW currency pair.

Recent Exchange Rate Trends

Between December 2024 and April 2025, the EUR/KRW exchange rate exhibited a general upward trend. On December 27, 2024, the rate peaked at 1,536.5 KRW per Euro, while the lowest point during this period was 1,486.2 KRW on December 4, 2024. The average exchange rate over these months was approximately 1,507.1 KRW per Euro.

In early March 2025, the exchange rate continued its ascent, reaching 1,536.34 KRW per Euro on March 4, 2025. By April 11, 2025, the rate had climbed further to 1,624.38 KRW per Euro. This upward trajectory indicates a strengthening of the Euro against the South Korean Won during this period.

Technical Analysis

As of March 15, 2025, technical indicators for the EUR/KRW pair suggested a bearish sentiment. The Relative Strength Index (RSI) stood at 45.794, indicating neutral momentum. However, other indicators such as the Stochastic Oscillator (24.896), Williams %R (-73.097), and Commodity Channel Index (-65.3111) pointed towards a selling pressure. The Average Directional Index (ADX) at 30.428 also supported this bearish outlook.

Moving averages further reinforced the bearish sentiment, with both simple and exponential moving averages for 5, 10, 20, and 50-day periods indicating sell signals. Only the 100-day and 200-day moving averages suggested buy signals, reflecting a longer-term bullish trend.

Forecasts and Projections

Forecasts for the EUR/KRW exchange rate indicate a continued upward trend. Short-term projections for April 2025 estimate an average rate of approximately 1,616.05 KRW per Euro, with a range between 1,599.89 and 1,632.21 KRW. Longer-term forecasts for 2025 suggest the exchange rate could reach up to 1,900.74 KRW per Euro by December, representing a potential return on investment of 19.77% compared to current rates.

Factors Influencing the Exchange Rate

Several factors have contributed to the recent movements in the EUR/KRW exchange rate:

• Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between the Eurozone and South Korea can influence the exchange rate.

• Geopolitical Events: Political stability, trade agreements, and international relations impact investor confidence and currency valuations.

• Central Bank Policies: Decisions by the European Central Bank and the Bank of Korea regarding monetary policy, such as interest rate adjustments and quantitative easing measures, play a significant role in currency fluctuations.

Conclusion

The EUR/KRW exchange rate has shown a strengthening Euro against the South Korean Won over the past few months, with technical indicators and forecasts suggesting a continuation of this trend. Investors should monitor economic indicators, geopolitical developments, and central bank policies, as these factors will continue to influence the exchange rate dynamics between the Euro and the South Korean Won.