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 several months. Understanding these movements is essential for businesses, investors, and individuals engaged in trade or financial activities between Taiwan and South Korea.

Recent Exchange Rate Trends

In 2024, the TWD/KRW exchange rate experienced significant volatility. The highest rate was recorded on December 31, 2024, at 1 TWD equaling 45.134 KRW, while the lowest was on September 18, 2024, at 1 TWD equaling 41.321 KRW. The average exchange rate for the year stood at 42.466 KRW per TWD. This indicates a 6.98% appreciation of the TWD against the KRW over the year. (exchange-rates.org)

In the first quarter of 2025, the exchange rate continued to fluctuate. On January 1, 2025, the rate was 1 TWD to 45.068 KRW. By February 25, 2025, it had declined to 43.597 KRW per TWD, marking the lowest point in that period. The average exchange rate during this time was 44.144 KRW per TWD. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth rates, inflation, and interest rates between Taiwan and South Korea can impact the exchange rate. For instance, if Taiwan's economy grows faster than South Korea's, the TWD may strengthen against the KRW.

• Trade Balances: The trade balance between the two countries affects currency demand. A trade surplus in Taiwan with South Korea increases demand for TWD, potentially appreciating its value against the KRW.

• Monetary Policies: Decisions by the central banks of Taiwan and South Korea regarding interest rates and money supply influence investor confidence and capital flows, affecting the exchange rate.

• Global Economic Conditions: External factors such as global economic downturns, changes in commodity prices, and geopolitical events can lead to currency volatility.

Forecasts and Future Outlook

Looking ahead, forecasts suggest a gradual appreciation of the TWD against the KRW. Analysts predict that by the end of 2025, the exchange rate could reach approximately 47.95 KRW per TWD, representing an 8.57% increase from current levels. This projection is based on anticipated economic growth in Taiwan and stable economic conditions in South Korea. (coincodex.com)

However, it's important to note that currency forecasts are subject to uncertainties, including unforeseen economic developments and policy changes. Therefore, stakeholders should monitor economic indicators and policy decisions in both countries to make informed decisions.

Implications for Stakeholders

For businesses engaged in trade between Taiwan and South Korea, understanding the TWD/KRW exchange rate dynamics is crucial for pricing strategies and financial planning. Investors should consider currency trends when evaluating investment opportunities in either country. Additionally, individuals remitting money or traveling between Taiwan and South Korea should be aware of exchange rate movements to optimize their transactions.

In conclusion, the TWD/KRW exchange rate has shown significant fluctuations influenced by various economic factors. While forecasts indicate a potential appreciation of the TWD against the KRW, stakeholders should remain vigilant and consider multiple factors when making financial decisions related to these currencies.