Exchange Rate Calculator

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

Recent Exchange Rate Trends

January 2025:
- Lowest Rate: ₩1 = NT$0.02219 on January 1, 2025.
- Average Rate: ₩1 = NT$0.02265.
- Trend: The month began with the lowest rate of the year and saw a gradual appreciation of the KRW against the TWD. (exchange-rates.org)

February 2025:
- Highest Rate: ₩1 = NT$0.02294 on February 25, 2025.
- Average Rate: ₩1 = NT$0.02270.
- Trend: The KRW continued to strengthen, reaching its peak in late February before experiencing slight fluctuations. (exchange-rates.org)

March 2025:
- Average Rate: ₩1 = NT$0.02266.
- Trend: The exchange rate stabilized, maintaining an average similar to February's, indicating a period of relative equilibrium between the two currencies. (exchange-rates.org)

Comparative Analysis with Previous Years

2024:
- Highest Rate: ₩1 = NT$0.02420 on September 18, 2024.
- Lowest Rate: ₩1 = NT$0.02216 on December 31, 2024.
- Trend: The KRW experienced a depreciation against the TWD in the latter half of the year, culminating in the lowest rate at year's end. (exchange-rates.org)

2023:
- Highest Rate: ₩1 = NT$0.02422 in December 2023.
- Lowest Rate: ₩1 = NT$0.02370 in December 2023.
- Trend: The exchange rate exhibited minor fluctuations, maintaining a relatively stable range throughout the year. (exchange-rates.org)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed trends in the KRW/TWD exchange rate:

1. Economic Indicators:

   • South Korea: Economic performance, including GDP growth and trade balances, influences the strength of the KRW.
   • Taiwan: Similar economic metrics affect the TWD's valuation.

2. Monetary Policies:

   • Decisions by the Bank of Korea and the Central Bank of the Republic of China (Taiwan) regarding interest rates and monetary policies impact currency valuations.

3. Global Market Dynamics:

   • International trade relations, geopolitical events, and global economic conditions can lead to shifts in investor confidence and currency demand.

Conclusion

The KRW/TWD exchange rate has demonstrated variability over the past few months, with the KRW appreciating against the TWD in early 2025 after a period of depreciation in late 2024. This trend reflects the interplay of economic performance, monetary policies, and global market conditions affecting both South Korea and Taiwan. Stakeholders should monitor these factors closely to anticipate future movements in the exchange rate.