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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 analyzes the recent trends, identifies key factors influencing these movements, and provides insights into the future outlook of the KRW/INR exchange rate.

Recent Trends in KRW/INR Exchange Rate

In the first half of 2025, the KRW/INR exchange rate exhibited a general upward trend, indicating an appreciation of the Korean Won against the Indian Rupee. On January 1, 2025, the exchange rate was 1 KRW to 0.05797 INR, marking the lowest point in the observed period. By June 16, 2025, the rate had risen to 1 KRW to 0.06357 INR, representing the highest value during this timeframe. This increase translates to an approximate 9.15% appreciation of the KRW against the INR over this period. (exchange-rates.org)

The average exchange rate during this period was around 0.06046 INR per KRW, reflecting the overall strengthening of the Korean Won. Notably, the exchange rate reached 0.0634 INR per KRW on June 30, 2025, indicating a continued upward trajectory. (investing.com)

Factors Influencing the Exchange Rate Movements

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

1. Economic Performance: South Korea's robust economic growth, driven by strong exports in technology and automotive sectors, has bolstered investor confidence in the Korean Won. Conversely, India's economic performance, influenced by domestic challenges and global economic conditions, has affected the Rupee's stability.

2. Monetary Policies: The Bank of Korea's monetary policies, including interest rate adjustments, have played a role in strengthening the KRW. In contrast, the Reserve Bank of India's policy decisions aimed at controlling inflation and stimulating growth have impacted the INR's value.

3. Trade Balances: South Korea's trade surplus, resulting from high export volumes, has increased demand for the KRW. India's trade deficit, due to higher import bills, has exerted downward pressure on the INR.

4. Global Market Sentiment: Investor sentiment, influenced by geopolitical events and global economic trends, has led to capital flows favoring the KRW over the INR.

Historical Context

To provide a broader perspective, it's essential to consider the exchange rate trends in previous years:

• 2024: The KRW/INR exchange rate experienced a decline, with the rate decreasing by approximately 9.96% over the year. The highest rate was 0.06429 INR per KRW on January 1, 2024, and the lowest was 0.05789 INR per KRW on December 31, 2024. (exchange-rates.org)

• 2023: The exchange rate remained relatively stable, with minor fluctuations. For instance, in June 2023, the rate ranged between 0.062 and 0.065 INR per KRW. (freecurrencyrates.com)

• 2022: The KRW/INR exchange rate showed slight variations, with rates around 0.0622 to 0.0632 INR per KRW in February 2022. (exchangerates.org.uk)

Future Outlook

The future trajectory of the KRW/INR exchange rate will depend on several factors:

1. Economic Policies: Decisions by the Bank of Korea and the Reserve Bank of India regarding interest rates and monetary policies will influence the exchange rate.

2. Trade Relations: Bilateral trade agreements and the balance of trade between South Korea and India will impact currency demand.

3. Global Economic Conditions: Global economic recovery, commodity prices, and geopolitical stability will play significant roles in determining the exchange rate movements.

Investors and businesses engaged in transactions involving KRW and INR should monitor these factors closely to make informed decisions.

In conclusion, the KRW/INR exchange rate has shown an upward trend in the first half of 2025, influenced by economic performance, monetary policies, trade balances, and global market sentiment. Understanding these dynamics is crucial for stakeholders involved in financial activities between South Korea and India.