Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the South Korean Won (KRW) has exhibited 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 March 26, 2025, the INR/KRW exchange rate stood at 17.1246, marking a 0.24% increase from the previous day. Over the preceding month, the exchange rate experienced a range between 16.4001 and 17.1876, with an average of 16.7628. (investing.com)

In the first quarter of 2025, the exchange rate reached its peak on January 1 at 17.249 KRW per INR and its lowest point on February 25 at 16.428 KRW per INR. The average exchange rate during this period was approximately 16.726 KRW per INR. (exchange-rates.org)

Historical Context

In 2024, the INR/KRW exchange rate demonstrated significant volatility. The year commenced with a low of 15.554 KRW per INR on January 1 and concluded with a high of 17.275 KRW per INR on December 31. The average exchange rate for 2024 was 16.289 KRW per INR, indicating an overall appreciation of the Indian Rupee against the South Korean Won by approximately 11.06% over the year. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

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

• Economic Performance: India's robust economic growth and favorable trade balances have bolstered the Rupee's strength. Conversely, South Korea's export-driven economy is susceptible to global demand shifts, impacting the Won's value.

• Monetary Policies: Divergent monetary policies between the Reserve Bank of India (RBI) and the Bank of Korea (BOK) influence investor sentiment and capital flows, affecting the exchange rate.

• Global Market Dynamics: External factors such as geopolitical tensions, commodity price fluctuations, and global economic trends play a role in currency valuation.

Implications for Stakeholders

Understanding the INR/KRW exchange rate dynamics is crucial for businesses engaged in Indo-Korean trade, investors with exposure to these currencies, and policymakers. The recent appreciation of the Rupee against the Won may benefit Indian importers sourcing goods from South Korea, while South Korean exporters to India might face pricing challenges.

Conclusion

The INR/KRW exchange rate has experienced notable fluctuations over the past few months, influenced by a combination of economic performance, monetary policies, and global market dynamics. Stakeholders should closely monitor these factors to make informed decisions in the context of Indo-Korean economic relations.