Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the Canadian Dollar (CAD) is a critical indicator for businesses, investors, and policymakers engaged in trade and financial activities between South Korea and Canada. Analyzing the recent trends and factors influencing this currency pair provides valuable insights into the economic dynamics of both nations.

Recent Exchange Rate Trends

Over the past few months, the KRW/CAD exchange rate has exhibited notable fluctuations. As of June 30, 2025, the exchange rate stood at 0.001010 CAD per KRW, marking a 0.75% increase from the previous day. This uptick followed a period of relative stability, with the rate hovering around 0.001003 CAD per KRW in late June. (investing.com)

In the first quarter of 2025, the exchange rate experienced minor variations. For instance, on March 28, 2025, 1 KRW was equivalent to 0.00097811 CAD. This indicates a gradual appreciation of the KRW against the CAD over the subsequent months. (exchangerates.org.uk)

Factors Influencing the KRW/CAD Exchange Rate

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

1. Economic Performance: South Korea's robust export-driven economy, particularly in technology and automotive sectors, has bolstered the KRW. Conversely, Canada's economy, heavily reliant on natural resources, has faced challenges due to fluctuating commodity prices, impacting the CAD's strength.

2. Monetary Policies: The Bank of Korea's monetary policies, including interest rate adjustments, influence the KRW's value. Similarly, the Bank of Canada's policy decisions affect the CAD. Divergent monetary policies between the two countries can lead to exchange rate fluctuations.

3. Global Trade Dynamics: Trade relations and agreements impact currency values. South Korea's trade surplus and Canada's trade balance dynamics play roles in shaping the KRW/CAD exchange rate.

4. Commodity Prices: Canada's economy is sensitive to commodity price changes, especially oil. Declining oil prices can weaken the CAD, affecting the exchange rate with the KRW.

5. Geopolitical Events: Political stability and international relations influence investor confidence. Tensions or alliances can lead to capital flows that impact currency values.

Implications for Stakeholders

Understanding the KRW/CAD exchange rate dynamics is essential for various stakeholders:

• Exporters and Importers: Businesses engaged in bilateral trade must monitor exchange rate trends to manage pricing strategies and hedge against currency risks.

• Investors: Currency fluctuations affect the returns on investments in both countries. Investors should consider exchange rate trends when making portfolio decisions.

• Policymakers: Governments and central banks analyze exchange rate movements to formulate economic policies that promote stability and growth.

Conclusion

The KRW/CAD exchange rate has shown a gradual appreciation of the KRW against the CAD in recent months. This trend is influenced by a complex interplay of economic performance, monetary policies, global trade dynamics, commodity prices, and geopolitical events. Stakeholders must remain vigilant and adapt to these fluctuations to mitigate risks and capitalize on opportunities in the evolving economic landscape.