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USDKRW

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About

USDKRW.FOREX represents the exchange rate between the US Dollar (USD) and the South Korean Won (KRW) in the foreign exchange (FOREX) market. This symbol indicates the price of one US Dollar in terms of South Korean Won. For example, if USDKRW.FOREX is trading at 1,300, it means that one US Dollar can be exchanged for 1,300 South Korean Won. This rate fluctuates constantly based on a variety of economic factors, market sentiment, and trading activity. The FOREX market is decentralized and global, operating 24 hours a day, five days a week, allowing for continuous trading of currency pairs like USDKRW.

Factors

Key factors influencing the USDKRW exchange rate include: US Interest Rates: Higher US interest rates attract foreign investment, increasing demand for USD and strengthening it against KRW.

South Korean Interest Rates: Conversely, higher South Korean interest rates can strengthen the KRW.

US Economic Data: Strong US economic indicators like GDP growth and employment figures typically boost the USD.

South Korean Economic Data: Positive Korean economic data strengthens the KRW.

Geopolitical Events: Global or regional instability can increase demand for the USD as a safe-haven currency.

Trade Balance: A US trade deficit (more imports than exports) can weaken the USD, while a South Korean trade surplus can strengthen the KRW.

Inflation Rates: Higher US inflation can weaken the USD, while higher Korean inflation can weaken the KRW.

Risk Sentiment: Global risk aversion often benefits the USD, while improved risk appetite can favor the KRW.

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