Exchange Rate Calculator

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

Recent Exchange Rate Trends

In 2024, the KRW/INR exchange rate exhibited a downward trend. The year commenced with the highest rate of 0.06429 INR per KRW on January 1, 2024, and concluded with the lowest rate of 0.05789 INR per KRW on December 31, 2024. The average exchange rate for the year was 0.06142 INR per KRW, indicating an overall depreciation of the Korean Won against the Indian Rupee by approximately 9.96% over the year.

Exchange Rate Movements in Early 2025

The downward trend continued into early 2025. On January 1, 2025, the exchange rate was 0.05797 INR per KRW. The rate experienced fluctuations throughout January, reaching a peak of 0.06034 INR per KRW on January 27, 2025. The average exchange rate for January was 0.05937 INR per KRW.

In February 2025, the exchange rate showed a slight upward trend. The highest rate recorded was 0.06087 INR per KRW on February 25, 2025, with an average rate of 0.06023 INR per KRW for the month.

Factors Influencing the Exchange Rate

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

1. Economic Performance: The relative economic performance of South Korea and India can influence their respective currencies. For instance, if India's economy grows at a faster pace than South Korea's, the INR may strengthen against the KRW.

2. Trade Balances: Trade dynamics between the two countries can impact exchange rates. A trade surplus in favor of India could lead to a stronger INR relative to the KRW.

3. Monetary Policies: Decisions by the central banks of both countries regarding interest rates and monetary policies can affect investor confidence and currency values.

4. Global Economic Conditions: External factors such as global economic trends, commodity prices, and geopolitical events can also influence exchange rates.

Conclusion

The KRW/INR exchange rate has experienced a general depreciation of the Korean Won against the Indian Rupee over the past year and into early 2025. While there have been periods of fluctuation, the overall trend indicates a weakening of the KRW relative to the INR. This trend is likely influenced by a combination of economic performance, trade balances, monetary policies, and global economic conditions. Stakeholders should monitor these factors closely to make informed decisions regarding currency-related transactions between South Korea and India.