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

January 2025:
- Lowest Point: On January 1, 2025, the KRW/INR exchange rate was at its lowest for the year, with 1 KRW equating to 0.05797 INR. (exchange-rates.org)

February 2025:
- Peak Value: The exchange rate reached its highest point on February 25, 2025, with 1 KRW equal to 0.06087 INR. (exchange-rates.org)

March 2025:
- Fluctuations: Throughout March, the exchange rate exhibited minor fluctuations, maintaining an average around 0.0598 INR per KRW. (in.investing.com)

Comparative Analysis with Previous Years

2024 Overview:
- Starting Point: On January 1, 2024, the exchange rate was 1 KRW to 0.06429 INR.
- Ending Point: By December 31, 2024, it had declined to 0.05789 INR per KRW.
- Annual Decline: This represents a depreciation of approximately 9.96% over the year. (exchange-rates.org)

2025 Year-to-Date:
- Appreciation: From January 1 to February 25, 2025, the KRW appreciated by about 5% against the INR, moving from 0.05797 to 0.06087 INR per KRW.
- Overall Trend: Despite this early-year appreciation, the exchange rate has remained relatively stable in the subsequent months.

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

   • South Korea: Economic performance, including GDP growth, trade balances, and inflation rates, can impact the value of the KRW.
   • India: Similarly, India's economic indicators influence the INR's strength.

2. Monetary Policies:

   • Decisions by the Bank of Korea and the Reserve Bank of India regarding interest rates and monetary policies can affect investor confidence and currency values.

3. Global Market Dynamics:

   • External factors such as global trade tensions, commodity prices, and geopolitical events can lead to currency volatility.

4. Trade Relations:

   • Bilateral trade volumes between South Korea and India can influence demand for each other's currencies, impacting the exchange rate.

Implications for Stakeholders

Understanding the KRW/INR exchange rate dynamics is crucial for various stakeholders:

• Businesses: Companies engaged in trade between South Korea and India need to manage currency risk to protect profit margins.

• Investors: Currency fluctuations can affect the returns on investments denominated in KRW or INR.

• Travelers: Individuals traveling between the two countries should consider exchange rate trends for budgeting purposes.

Conclusion

The KRW/INR exchange rate has shown both depreciation and appreciation phases over the past year and into 2025. While the KRW experienced a decline against the INR in 2024, early 2025 saw a partial recovery. Various economic, policy, and global factors continue to influence this currency pair. Stakeholders should remain vigilant and consider these dynamics in their financial planning and decision-making processes.