Description
The USD/KRW represents the amount of Korean won required for one unit of US dollar. The USD/KRW exchange rate is influenced by various factors, including global economic trends, the monetary policies of the Federal Reserve and the Bank of Korea, trade relations, and geopolitical risks. A lower USD/KRW exchange rate indicates a stronger won, which helps reduce import costs but may negatively affect export competitiveness. Conversely, a higher USD/KRW exchange rate suggests a weaker won, which benefits exports but increases import costs.