Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the South Korean Won (KRW) has exhibited notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, historical context, and the economic factors influencing both currencies.

Recent Exchange Rate Trends

In 2025, the ZAR/KRW exchange rate has experienced moderate volatility. The highest rate recorded was 80.018 KRW per ZAR on March 14, 2025, while the lowest was 76.4937 KRW per ZAR on January 28, 2025. The average exchange rate during this period was approximately 78.1859 KRW per ZAR. (poundsterlinglive.com)

In January 2025, the exchange rate fluctuated between 76.614 KRW and 78.786 KRW per ZAR, with an average of 77.658 KRW. February 2025 saw a slight increase, with rates ranging from 77.744 KRW to 79.051 KRW per ZAR, averaging 78.230 KRW. (exchange-rates.org)

Historical Context

Looking back to 2024, the ZAR/KRW exchange rate demonstrated significant variability. The highest rate was 80.696 KRW per ZAR on December 11, 2024, and the lowest was 68.999 KRW per ZAR on February 23, 2024. The average exchange rate for 2024 was 74.423 KRW per ZAR. (exchange-rates.org)

In 2023, the exchange rate was relatively stable, with rates ranging from approximately 69.30 KRW to 71.99 KRW per ZAR between September and October. (freecurrencyrates.com)

Economic Factors Influencing the Exchange Rate

Several economic factors have influenced the ZAR/KRW exchange rate:

• South African Economic Performance: South Africa's economic indicators, such as GDP growth, inflation rates, and trade balances, have a direct impact on the Rand's value. Periods of economic growth and stability tend to strengthen the Rand, while economic downturns or political instability can lead to depreciation.

• South Korean Economic Performance: Similarly, South Korea's economic health affects the Won's value. Strong export performance, technological advancements, and stable economic policies contribute to a stronger Won.

• Global Economic Conditions: Global events, such as changes in commodity prices, international trade tensions, and shifts in investor sentiment, can influence both currencies. For instance, fluctuations in commodity prices can impact South Africa's export revenues, affecting the Rand.

• Monetary Policies: Decisions by the South African Reserve Bank and the Bank of Korea regarding interest rates and monetary policies play a crucial role. Divergent monetary policies can lead to capital flows that affect the exchange rate.

Conclusion

The ZAR/KRW exchange rate has shown moderate volatility in recent months, influenced by a combination of domestic economic performance, global economic conditions, and monetary policies in both countries. Investors and businesses engaged in transactions between South Africa and South Korea should monitor these factors closely to make informed decisions.