Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the South Korean Won (KRW) has experienced notable fluctuations over the past several months. This report provides an analysis of the INR/KRW exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

December 2024: The INR/KRW exchange rate began December at 16.50 KRW per INR and concluded the month at 17.21 KRW per INR, marking a 4.12% increase. The highest rate during this period was 17.33 KRW on December 27.

January 2025: The exchange rate started at 17.27 KRW per INR on January 1 and declined to 16.79 KRW per INR by January 31, reflecting a 2.89% decrease. The lowest rate was 16.59 KRW on January 24.

February 2025: The rate opened at 16.81 KRW per INR on February 1 and ended at 16.73 KRW per INR on February 28, a slight decrease of 0.48%. The lowest rate was 16.44 KRW on February 26.

March 2025: The exchange rate showed an upward trend, reaching 17.1246 KRW per INR by March 26.

Factors Influencing Exchange Rate Movements

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

1. Economic Indicators: Variations in GDP growth rates, inflation, and employment statistics between India and South Korea can influence investor confidence and currency valuations.

2. Trade Balances: Changes in trade dynamics, such as export and import volumes, can affect demand for respective currencies, impacting exchange rates.

3. Monetary Policies: Decisions by the Reserve Bank of India and the Bank of Korea regarding interest rates and monetary policies can lead to capital flows that influence currency values.

4. Global Economic Events: International developments, including geopolitical tensions and global market trends, can cause investors to shift assets, affecting currency exchange rates.

Implications for Stakeholders

Understanding the INR/KRW exchange rate trends is crucial for various stakeholders:

• Businesses: Companies engaged in trade between India and South Korea need to monitor exchange rate movements to manage costs and pricing strategies effectively.

• Investors: Currency fluctuations can impact returns on investments denominated in INR or KRW, necessitating informed decision-making.

• Travelers: Individuals planning travel between the two countries should consider exchange rate trends for budgeting purposes.

Conclusion

The INR/KRW exchange rate has exhibited both upward and downward trends over the past few months, influenced by a complex interplay of economic indicators, trade balances, monetary policies, and global events. Stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.