TD Securities expects the USD/KRW exchange rate to fall to the 1325 mark by June of this year. Alex Loo, a Singapore-based strategist at TD Securities, said, “We expect South Korea to actively intervene to curb the one-way depreciation of the won in the fourth quarter of last year.” He also stated, “We maintain a bullish view on the trend of the Korean won. We expect the USD/KRW exchange rate to fall back to the level of 1325 in the first half of the year.” This forecast is mainly based on two judgments: first, the trend of the US dollar is expected to weaken; second, benefiting from the global investment boom in artificial intelligence and further fiscal support policies introduced by the South Korean government in 2026, the fundamentals of the Korean economy will be boosted, and the attractiveness of Korean won assets will rise accordingly.

TD Securities expects the USD/KRW exchange rate to fall to the 1325 mark by June of this year. Alex Loo, a Singapore-based strategist at TD Securities, said, “We expect South Korea to actively intervene to curb the one-way depreciation of the won in the fourth quarter of last year.” He also stated, “We maintain a bullish view on the trend of the Korean won. We expect the USD/KRW exchange rate to fall back to the level of 1325 in the first half of the year.” This forecast is mainly based on two judgments: first, the trend of the US dollar is expected to weaken; second, benefiting from the global investment boom in artificial intelligence and further fiscal support policies introduced by the South Korean government in 2026, the fundamentals of the Korean economy will be boosted, and the attractiveness of Korean won assets will rise accordingly.