Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the Australian Dollar (AUD) has experienced notable fluctuations over the past few years. Understanding these trends is essential for businesses, investors, and policymakers engaged in activities involving these currencies. This report provides a comprehensive analysis of the KRW/AUD exchange rate, focusing on historical data, recent trends, influencing factors, and future projections.

Historical Overview

2022 Performance

In 2022, the KRW/AUD exchange rate exhibited significant variability. The highest recorded rate was 1 KRW = 0.001183 AUD, while the lowest was 1 KRW = 0.001056 AUD. The average exchange rate for the year stood at 1 KRW = 0.001117 AUD. (exchange-rates.org)

2023 Performance

The year 2023 continued to show fluctuations in the KRW/AUD exchange rate. The peak rate was 1 KRW = 0.001196 AUD on November 9, 2023, and the trough was 1 KRW = 0.001115 AUD on May 8, 2023. The average exchange rate throughout the year was 1 KRW = 0.001154 AUD. (exchange-rates.org)

Recent Trends (September 2024 - March 2025)

Between September 16, 2024, and March 14, 2025, the KRW/AUD exchange rate continued its downward trajectory. The highest rate during this period was 1 KRW = 0.001124 AUD on September 16, 2024, and the lowest was 1 KRW = 0.001084 AUD on November 7, 2024. The average exchange rate over these six months was 1 KRW = 0.001099 AUD, marking a 3.11% decrease compared to the previous period. (exchange-rates.org)

Factors Influencing the KRW/AUD Exchange Rate

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

1. Economic Indicators: Key metrics such as GDP growth, inflation rates, and interest rates in both South Korea and Australia significantly impact their respective currencies. For instance, higher interest rates in Australia compared to South Korea can attract investors seeking better returns, thereby strengthening the AUD against the KRW.

2. Geopolitical Events: Political developments, including elections, trade agreements, and international relations, can influence investor confidence and currency valuations. For example, trade tensions between major economies can affect export-dependent countries like South Korea, impacting the KRW.

3. Central Bank Policies: Decisions made by the Bank of Korea and the Reserve Bank of Australia regarding monetary policies, such as interest rate adjustments and quantitative easing measures, play a crucial role in currency valuation.

4. Commodity Prices: Australia's economy is heavily reliant on commodity exports. Fluctuations in global commodity prices, such as iron ore and coal, can affect the AUD's strength. Conversely, South Korea's import-dependent economy can be impacted by changes in commodity prices, influencing the KRW.

Future Projections

Looking ahead, forecasts suggest a continued decline in the KRW/AUD exchange rate. Projections for 2025 indicate that the exchange rate may range between 1 KRW = 0.00105 AUD and 1 KRW = 0.001109 AUD, with an average annualized rate of 1 KRW = 0.001083 AUD. This represents a potential return on investment of 1.30% compared to current rates. (coincodex.com)

Monthly Forecasts for 2025

• March 2025: Expected to see a slight decrease, with the exchange rate averaging around 1 KRW = 0.001088 AUD.

• April 2025: Anticipated to experience a modest increase, averaging approximately 1 KRW = 0.001098 AUD.

• May 2025: Forecasted to continue the upward trend, with an average rate of 1 KRW = 0.001093 AUD.

• June 2025: Predicted to stabilize, averaging around 1 KRW = 0.001091 AUD.

• July 2025: Expected to see a slight increase, with an average rate of 1 KRW = 0.001096 AUD.

• August 2025: Anticipated to maintain a similar trend, averaging approximately 1 KRW = 0.001092 AUD.

• September 2025: Forecasted to decline, with an average rate of 1 KRW = 0.00108 AUD.

• October 2025: Predicted to continue the downward trend, averaging around 1 KRW = 0.001063 AUD.

• November 2025: Expected to see a slight increase, with an average rate of 1 KRW = 0.001066 AUD.

• December 2025: Anticipated to stabilize, averaging approximately 1 KRW = 0.001065 AUD.

Conclusion

The KRW/AUD exchange rate has demonstrated a consistent downward trend over the past few years, influenced by a combination of economic indicators, geopolitical events, central bank policies, and commodity price fluctuations. While short-term forecasts suggest minor fluctuations, the overall outlook indicates a gradual depreciation of the KRW against the AUD. Stakeholders should closely monitor these factors to make informed decisions regarding currency-related transactions and investments.