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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
77.22 KRW
Exchange Rate
as of July 14, 2025 at 9:40 PM
1 ZAR =
77.22 KRW
Market analysis of ZAR to KRW currency exchange rates
Analysis as of April 2025
The exchange rate between the South African Rand (ZAR) and the South Korean Won (KRW) has experienced notable fluctuations over the past few months. This report provides an analysis of the recent trends, key influencing factors, and potential future outlooks for the ZAR/KRW currency pair.
Recent Exchange Rate Trends
Over the first half of 2025, the ZAR/KRW exchange rate exhibited significant volatility. The highest recorded rate during this period was 80.825 KRW per ZAR on March 20, 2025, while the lowest was 74.297 KRW per ZAR on April 11, 2025. (exchange-rates.org) As of June 28, 2025, the exchange rate stood at approximately 76.32 KRW per ZAR. (zar.currencyrate.today)
Factors Influencing the Exchange Rate
Several factors have contributed to the observed fluctuations in the ZAR/KRW exchange rate:
Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between South Africa and South Korea can impact the exchange rate. (exchange-rates.org)
Geopolitical Events: Political developments, trade agreements, and international relations can influence investor confidence and currency valuations.
Central Bank Policies: Decisions regarding interest rates and monetary policies by the South African Reserve Bank and the Bank of Korea play a crucial role in currency valuation.
Historical Context
In 2023, the ZAR/KRW exchange rate ranged from a high of 75.267 KRW per ZAR on January 4 to a low of 66.785 KRW per ZAR on June 1, with an average rate of 70.770 KRW per ZAR over the year. (exchange-rates.org) This indicates a general strengthening of the Rand against the Won in 2025 compared to the previous year.
Future Outlook
Predicting future exchange rate movements is inherently uncertain. However, monitoring the following factors can provide insights:
Economic Performance: Comparative economic growth and stability between South Africa and South Korea.
Monetary Policies: Future decisions by the respective central banks regarding interest rates and monetary policies.
Global Market Trends: International trade dynamics, commodity prices, and global economic conditions.
Staying informed about these factors will aid in understanding potential future movements in the ZAR/KRW exchange rate.
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