1 402.2 KRW
+1.20 (+0.09%)
1H
4H
1D
1W
1M

USDKRW Key Statistics

Open price
1401
High today
1404.7
Low today
1400
52 Week high
1410.1
52 Week low
1289.7
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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About USDKRW

The USDKRW pair is an exotic pair consisting of the U.S. Dollar (USD) as the base currency and the Korean won (KRW) as the quote currency. This pair is relatively easy to trade due to its predictable price movements. USD to KRW shows how many KRW are needed to purchase one USD.

What is USDKRW?

The United States and South Korea have tremendous commercial relationships, so the USDKRW index is one of the most active in the forex table. Both countries established their long-term relationships after the end of the Korean War in the 1950s, and they supported each other to ensure no danger from the North Korean rogue state. The USDKRW index shows the relative strength of the US Dollar against the South Korean Won. It is an index to show the current flow of money from the American economy to the South Korean one. Many American industries have factories in South Korea. Many cars and other high-tech devices are produced in South Korea and exported to the United States. That creates a certain dynamic for the South Korean Won and the relative forex market duo with the US Dollar. The USDKRW runs daily, and it never stops through the night. You are free to invest as an independent investor. However, most investments in this forex index come from mutual and retirement funds. It is known that you need to be patient in the forex market and only buy when you want to hold a specific position for the long term. After a few months or years, you may receive your initial capital with a markup on your investment, which would be your profit.

How does USD to KRW work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDKRW. It gives access to the simulation of real-time market conditions without financial risks. The USD to KRW market works daily. Traders can invest in it by opening an account on the SimpleFX platform. There is the chance to put a call option to enter the index only when it reaches a certain level. Even though the USDKRW fluctuations exist, it could be better to make it happen daily.

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