Exchange Rate Calculator

The exchange rate between the New Taiwan Dollar (TWD) and the South Korean Won (KRW) has exhibited notable fluctuations over the past few months, reflecting the dynamic economic landscapes of both Taiwan and South Korea. Understanding these trends is essential for businesses, investors, and policymakers engaged in the East Asian markets.

Recent Exchange Rate Trends

As of July 3, 2025, the TWD/KRW exchange rate stands at approximately 46.83 KRW per 1 TWD. (wise.com) This marks a significant appreciation of the TWD against the KRW over the past year. For instance, on December 31, 2024, the exchange rate was 45.134 KRW per TWD, indicating a rise of about 3.8% over six months. (exchange-rates.org)

In 2025, the exchange rate has experienced both peaks and troughs. The highest recorded rate was 47.132 KRW per TWD on May 5, 2025, while the lowest was 43.597 KRW per TWD on February 25, 2025. The average exchange rate during this period was approximately 44.79 KRW per TWD. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Performance: Taiwan's robust export-driven economy, particularly in the technology sector, has bolstered the TWD. Conversely, South Korea's economy has faced challenges, including trade tensions and global supply chain disruptions, impacting the KRW.

2. Interest Rate Differentials: Differences in monetary policies between Taiwan's Central Bank and the Bank of Korea influence capital flows, affecting the exchange rate.

3. Trade Balances: Taiwan's consistent trade surpluses contrast with South Korea's fluctuating trade balances, influencing currency valuations.

4. Global Economic Conditions: External factors, such as global economic growth rates, commodity prices, and geopolitical events, also play a role in currency movements.

Historical Context

Looking back, the TWD/KRW exchange rate has shown a general upward trend in favor of the TWD. In 2024, the average exchange rate was 42.466 KRW per TWD, with a high of 45.134 KRW on December 31, 2024, and a low of 41.321 KRW on September 18, 2024. (exchange-rates.org) This upward trajectory indicates a strengthening of the TWD relative to the KRW over the past two years.

Future Outlook

Forecasts suggest that the TWD/KRW exchange rate may continue to favor the TWD in the near term. Projections for July 2025 indicate a potential range between 43.82 and 45.15 KRW per TWD, with an average of 44.29 KRW. By December 2025, the exchange rate is anticipated to range between 47.44 and 49.07 KRW per TWD, averaging 48.17 KRW. (coincodex.com) These projections are based on current economic trends and are subject to change due to unforeseen economic developments.

Implications for Stakeholders

• Businesses: Companies engaged in trade between Taiwan and South Korea should monitor exchange rate trends to manage currency risk effectively.

• Investors: Currency fluctuations can impact investment returns. Investors should consider hedging strategies to mitigate potential losses due to exchange rate movements.

• Policymakers: Understanding the factors influencing the TWD/KRW exchange rate can aid in formulating policies that promote economic stability and growth.

In conclusion, the TWD/KRW exchange rate has experienced significant fluctuations over the past few months, influenced by various economic factors. Staying informed about these trends is crucial for making informed decisions in the dynamic East Asian economic environment.