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AUDKRW

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    975.6252$
  • Previous Close
    976.6029$
  • 52 Week Change
    --
  • Day Range
    -0.98$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

AUDKRW.FOREX represents the exchange rate between the Australian dollar (AUD) and the South Korean won (KRW) in the foreign exchange market. It indicates how many South Korean won are needed to purchase one Australian dollar. Fluctuations in this rate are influenced by a variety of economic factors in both Australia and South Korea, including interest rate differentials, inflation rates, economic growth, and political stability, as well as global market sentiment. Traders and investors use this rate to speculate on currency movements or to hedge currency risk when involved in international trade and investment between Australia and South Korea.
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Factors

AUD/KRW reflects the relative value of the Australian dollar against the South Korean won. Global Economy: Affects risk sentiment, driving demand for safer assets like KRW during downturns, weakening AUD. Interest Rate Differentials: Higher Australian interest rates attract capital, increasing AUD demand and strengthening AUD/KRW. Commodity Prices: Australia's commodity exports influence AUD. Rising prices boost AUD, impacting AUD/KRW positively. South Korean Economy: Strong Korean growth strengthens KRW, weakening AUD/KRW. Risk Aversion: Higher global uncertainty strengthens KRW as a safe-haven, decreasing AUD/KRW.

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