Exchange Rate Calculator

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

Recent Exchange Rate Trends

April 2025:

• April 4, 2025: The KRW/ZAR exchange rate closed at 1.3069, marking a 1.48% increase from the previous day.

• April 2, 2025: The rate was 1.2859, reflecting a 2.49% rise from April 1.

• April 1, 2025: The exchange rate stood at 1.2546, up 1.04% from March 31.

Throughout April, the KRW/ZAR exchange rate demonstrated an upward trend, with notable daily increases. (za.investing.com)

March 2025:

• March 31, 2025: The exchange rate was 1.2417, a 0.63% decrease from March 28.

• March 28, 2025: The rate stood at 1.2496, up 0.56% from March 27.

• March 27, 2025: The exchange rate was 1.2427, a 0.11% increase from March 26.

March exhibited mixed movements, with both increases and decreases, indicating a period of relative volatility. (za.investing.com)

February 2025:

• February 25, 2025: The exchange rate reached a high of 0.0129 ZAR per KRW.

• February 7, 2025: The rate was at a low of 0.0127 ZAR per KRW.

February's exchange rates remained relatively stable, fluctuating between 0.0127 and 0.0129 ZAR per KRW. (valutafx.com)

Factors Influencing Exchange Rate Movements

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

1. Economic Indicators:

• South Korea: Economic performance, including GDP growth, trade balances, and industrial output, can influence the strength of the KRW.

• South Africa: Similarly, economic indicators such as inflation rates, employment figures, and commodity prices (notably gold and platinum) can impact the ZAR.

1. Monetary Policies:

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

1. Global Market Sentiment:

• Global economic events, geopolitical tensions, and shifts in investor risk appetite can lead to capital flows between emerging markets, influencing exchange rates.

1. Commodity Prices:

• South Africa's economy is heavily reliant on mining exports. Fluctuations in commodity prices can impact the ZAR's strength.

1. Trade Relations:

• Bilateral trade volumes and agreements between South Korea and South Africa can also play a role in determining the exchange rate dynamics.

Conclusion

The KRW/ZAR exchange rate has experienced both upward and downward movements over the past few months, reflecting a complex interplay of domestic economic conditions, monetary policies, and global market dynamics. Investors and businesses engaged in transactions involving these currencies should closely monitor these factors to make informed decisions.