Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the South Korean Won (KRW) is a critical indicator of the economic interplay between Japan and South Korea. Over the past few months, this rate has exhibited notable fluctuations, influenced by various economic and political factors. This report provides an in-depth analysis of the JPY/KRW exchange rate, examining its recent performance, technical indicators, and future projections.

Recent Performance of JPY/KRW Exchange Rate

In 2024, the JPY/KRW exchange rate experienced significant volatility. The highest recorded rate was ₩9.5033 per ¥1 on December 6, 2024, while the lowest was ₩8.5616 per ¥1 on July 1, 2024. The average exchange rate for the year stood at ₩9.0058 per ¥1. This indicates a 2.28% appreciation of the Japanese Yen against the South Korean Won over the year. (exchange-rates.org)

Technical Analysis

As of December 27, 2024, the JPY/KRW exchange rate was ₩9.3285 per ¥1. Technical indicators at that time presented a mixed outlook:

• Relative Strength Index (RSI): The 14-day RSI was at 51.943, suggesting a neutral market sentiment.
• Moving Averages: The majority of moving averages signaled a 'Buy' position, with 11 out of 12 indicators favoring this stance.
• Technical Indicators Summary: Among various technical indicators, 3 suggested a 'Buy,' 4 indicated a 'Sell,' and 4 were neutral, culminating in an overall 'Sell' recommendation. (investing.com)

Factors Influencing the Exchange Rate

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

• Political Events: Political instability in South Korea, such as the martial law declaration in December 2024, led to a surge in JPY/KRW, with the rate approaching ₩9.70 per ¥1 before retracting. (mnimarkets.com)
• Economic Indicators: Divergent monetary policies between Japan and South Korea, along with varying economic data releases, have also played a role in influencing the exchange rate dynamics.

Forecasts and Projections

Looking ahead, various forecasts suggest a potential appreciation of the Japanese Yen against the South Korean Won:

• Short-Term Forecasts: Predictions indicate that the JPY/KRW rate could reach ₩9.94 per ¥1 by March 25, 2025, representing a 1.01% increase from the current rate. (coincodex.com)
• Long-Term Projections: By the end of 2025, the exchange rate is anticipated to average around ₩10.0060 per ¥1, with a range between ₩9.9560 and ₩10.0560. (midforex.com)

Conclusion

The JPY/KRW exchange rate has demonstrated considerable volatility over the past year, influenced by political events and economic policies. While technical indicators provide mixed signals, forecasts suggest a potential appreciation of the Japanese Yen against the South Korean Won in the coming months. Stakeholders should closely monitor ongoing economic developments and political events in both countries to make informed decisions regarding this currency pair.