What exchange rate for the won against the dollar is anticipated by economists?

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Economists Project a Continued Rise for the South Korean Won

Economists anticipate that the South Korean won will continue its upward trend against the US dollar, with projections suggesting the won-dollar exchange rate could fall to approximately 1,380 won. This expectation is underpinned by several factors, including stronger-than-expected economic growth in South Korea and the likelihood of continued interest rate hikes by the Bank of Korea, which would help narrow the interest rate differential with the United States.
Won Experiencing Strongest Monthly Gain Since 2009

The South Korean won demonstrated its most significant monthly appreciation in July since March 2009, strengthening by 125.4 won against the US dollar. This robust performance saw the won quoted at 1,424 per US dollar by Friday afternoon, marking a substantial rebound from its intraday low of 1,599.2 won per dollar reached on July 1, a level not seen in over 17 years.
SK hynix ADR Offering Fuels Dollar Inflows

A primary driver for the won's recent strength has been a substantial influx of US dollars into South Korea's foreign exchange market. This inflow is largely attributed to SK hynix Inc.'s American depositary receipt (ADR) offering on the Nasdaq, through which the company raised approximately 40 trillion won (US$26.5 billion). Proceeds from this offering are expected to be predominantly used for domestic investments, such as the development of the Yongin semiconductor cluster.
Factors Influencing Future Exchange Rate Movements

The outlook for the won's continued appreciation is contingent on several evolving factors. While economists foresee a sustained upward trajectory for the currency, with an expected exchange rate around 1,380 won per dollar, this forecast remains subject to change. Future dollar inflows into the South Korean market and the monetary policy decisions made by both the Bank of Korea and the US Federal Reserve will play a crucial role in shaping the won-dollar exchange rate.

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What exchange rate for the won against the dollar is anticipated by economists?

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