KRW/CHF Price & Performance (KRWCHF)

The Bank of Korea has reduced its benchmark interest rate by 25 basis points to 2.75%, marking the third cut in four meetings. This decision comes as domestic demand weakens due to US trade policies. The Korean won remains near a 16-year low against the US dollar, trading at 1,431.86.1

The South Korean won has shown fluctuations against the US dollar, with recent movements reflecting broader economic uncertainties. Despite a slowdown in US inflation, the KRW-USD exchange rate has not stabilized, highlighting ongoing challenges in the currency markets and the influence of global economic factors.2

The Central Bank of Iran has revised its official exchange rates, with the US dollar now valued at 581,030 rials, down from 586,010 rials on March 15. This adjustment reflects the bank's ongoing efforts to manage currency fluctuations and stabilize the rial amidst broader economic pressures.3