KRW/SGD Price & Performance (KRWSGD)

The Bank of Korea has reduced its policy rate by 25 basis points to 2.75%, marking its third cut in four meetings. This decision comes as domestic demand weakens under U.S. trade tariffs and economic uncertainty. The Korean won is trading near a 16-year low against the U.S. dollar.1

A Reuters poll indicates growing short positions on Asian currencies like the South Korean won and Malaysian ringgit due to escalating U.S.-led trade tensions. Despite some resilience in regional currencies, the Indian rupee remains the most shorted amid foreign outflows and economic vulnerabilities.2

The Central Bank of Iran has updated its exchange rates, with the U.S. dollar now priced at 581,030 rials, down from 586,010 rials. Other currencies, including the euro and British pound, also saw minor adjustments. The rial's movements reflect ongoing economic pressures and market dynamics.3