Exchange Rate Calculator

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

Recent Exchange Rate Trends

As of June 28, 2025, the exchange rate stood at 1 INR to 15.96 KRW. (inr.currencyrate.today) This represents a decline from the beginning of the year, where the rate was 1 INR to 17.249 KRW on January 1, 2025. (exchange-rates.org) The average exchange rate over this period was approximately 16.550 KRW per INR, with the lowest point reaching 15.730 KRW on June 16, 2025. (exchange-rates.org)

Historical Context

To provide context, the exchange rate at the end of 2024 was 1 INR to 17.275 KRW on December 31, 2024. (exchange-rates.org) This indicates a depreciation of the Indian Rupee against the South Korean Won in the first half of 2025.

Factors Influencing the Exchange Rate

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

• Economic Performance: Differences in economic growth rates, inflation, and trade balances between India and South Korea can impact currency valuations. For instance, if South Korea's economy outperforms India's, the KRW may strengthen against the INR.

• Monetary Policies: Divergent monetary policies, such as interest rate adjustments by the Reserve Bank of India (RBI) and the Bank of Korea, can influence investor sentiment and capital flows, affecting the exchange rate.

• Global Market Dynamics: External factors, including changes in global trade patterns, commodity prices, and geopolitical events, can also play a role in currency fluctuations.

Implications

The depreciation of the INR against the KRW has several implications:

• Trade: Indian exporters to South Korea may find their goods more competitively priced, potentially boosting exports. Conversely, imports from South Korea could become more expensive for Indian consumers and businesses.

• Investment: Currency fluctuations can impact foreign direct investment decisions, as investors consider exchange rate risks when allocating capital.

• Tourism: For travelers, a weaker INR means higher costs when visiting South Korea, which could influence travel decisions.

Conclusion

The INR/KRW exchange rate has shown a downward trend in the first half of 2025, with the Indian Rupee depreciating against the South Korean Won. This movement reflects a combination of domestic economic factors, monetary policies, and global market conditions. Stakeholders should monitor these developments closely, as continued fluctuations could have significant economic implications for trade, investment, and tourism between India and South Korea.