![]() In 2022, the dollar’s safe haven status has lifted the US Dollar Index ( DXY) – which measures the value of the dollar against a basket of currencies – has skyrocketed to 20-year highs. ![]() Investors view the greenback, as it is also commonly known, as a safe haven asset to protect their wealth during times of economic volatility and geopolitical instability. In forex trading, the USD/KRW pair refers to how many South Korean won – the quote currency – are needed to buy one US dollar – the base currency.Īs the global reserve currency, the value of the US dollar is driven by trader sentiment on the performance of the global economy as much as by the domestic US economy. In this article, we look at the recent performance of the USD/KRW foreign exchange ( forex, FX) pair and some of the latest analyst forecasts. Will the won continue to shed value, or is it approaching a bottom? The sell-off is partially driven by a record South Korean trade deficit on the soaring cost of energy imports and slowing global demand for semiconductors, of which the country is the world’s largest producer. The won has dropped by 13% against the dollar year-to-date. Strength in the value of the US dollar ( USD) has lifted it to its highest level against the South Korean won ( KRW) since March 2009. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.What’s next for USD/KRW after the pair’s rate soared to 13-year highs on a record South Korea trade deficit, slowing global economy, rising inflation and a strong US dollar? Photo: An147yus / Shutterstock Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. ![]() Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes.
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