Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the South Korean Won (KRW) has exhibited notable fluctuations over the past several months. This report provides an analysis of the recent trends, technical indicators, and future projections for the JPY/KRW currency pair.

Recent Exchange Rate Trends

Between September 25, 2024, and March 22, 2025, the JPY/KRW exchange rate experienced significant volatility. The highest recorded rate during this period was 9.9274 KRW per JPY on March 10, 2025, while the lowest was 8.9762 KRW per JPY on November 14, 2024. The average exchange rate over these six months was approximately 9.3276 KRW per JPY.

In the more recent timeframe from February 20, 2025, to March 20, 2025, the exchange rate ranged from a low of 9.5103 KRW per JPY to a high of 9.9549 KRW per JPY, with an average rate of 9.7225 KRW per JPY. This indicates a strengthening of the Japanese Yen against the South Korean Won during this period.

Technical Analysis

As of February 28, 2025, technical indicators for the JPY/KRW pair presented a mixed outlook. The Relative Strength Index (RSI) stood at 51.377, suggesting a neutral market sentiment. The Moving Average Convergence Divergence (MACD) indicated a buy signal, while the Average Directional Index (ADX) suggested a sell signal. Moving averages were also mixed, with shorter-term averages indicating sell signals and longer-term averages indicating buy signals.

Forecasts and Projections

Various forecasting models provide differing projections for the JPY/KRW exchange rate. One model predicts a slight decrease to 9.53216 KRW per JPY by March 19, 2026, and a more significant decline to 8.42574 KRW per JPY by March 19, 2030. Another forecast anticipates an increase to 10.19 KRW per JPY within the next month, with a potential rise to 12.04 KRW per JPY over the next year.

Conclusion

The JPY/KRW exchange rate has shown considerable volatility in recent months, influenced by various economic factors. Technical indicators currently present a mixed outlook, reflecting market uncertainty. Forecasts for the currency pair vary, with some predicting a strengthening of the Yen against the Won, while others anticipate a weakening trend. Investors and stakeholders should monitor economic developments in both Japan and South Korea, as well as global market conditions, to make informed decisions regarding this currency pair.