Exchange Rate Calculator

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

Recent Exchange Rate Trends

As of March 28, 2025, the KRW/CAD exchange rate stood at 0.000974, marking a 0.49% decrease from the previous day. Throughout March 2025, the exchange rate experienced minor fluctuations, with the highest rate recorded on March 11 at 0.0009938 and the lowest on March 18 at 0.0009863.

In February 2025, the exchange rate remained relatively stable, with the highest rate of 0.001000 on February 25 and the lowest at 0.0009825 on February 28. The average exchange rate for February was approximately 0.0009888.

Historical Context

Over the past six months, the KRW/CAD exchange rate has shown a gradual decline. In September 2024, the rate peaked at 0.0010321 on September 28. Since then, the exchange rate has trended downward, reaching 0.00097359 on December 31, 2024.

Influencing Factors

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

• Economic Indicators: Differences in economic performance between South Korea and Canada, such as GDP growth rates, employment figures, and trade balances, can influence currency valuations.

• Monetary Policies: Decisions by the Bank of Korea and the Bank of Canada regarding interest rates and monetary policies can impact investor confidence and currency demand.

• Global Market Dynamics: External factors, including commodity prices (notably oil, which significantly affects the Canadian economy), geopolitical events, and global economic trends, can also affect exchange rates.

Conclusion

The KRW/CAD exchange rate has experienced modest fluctuations over the past few months, with a general trend of gradual depreciation of the Korean Won against the Canadian Dollar. While the exchange rate has remained relatively stable in recent months, it is essential for businesses and investors engaged in transactions between South Korea and Canada to monitor these trends closely. Understanding the underlying economic factors and staying informed about monetary policies and global market conditions will aid in making informed financial decisions.