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Exchange rate fluctuations, whose fault?

Today's KRW/EUR Exchange Rate: Which Currency is to Blame? AI Analysis

Current Rate

1 KRW =0.0006EUR
-0.11%Day Change

As of 2026年3月13日

Whose Fault?

EUR's fault
46%
54%
KRW's fault

AI Analysis

The currency pair KRW/EUR closed at $0.00058415$ on March 13, 2026, reflecting a daily decline of $0.115%$. This movement signifies that the Euro (EUR) strengthened relative to the South Korean Won (KRW), or conversely, the Won weakened against the Euro. The daily attribution analysis suggests this move was marginally more influenced by the South Korean Won ($54%$ attribution) than the Euro ($46%$ attribution), indicating that underlying economic factors in South Korea likely played a slightly larger role in the day's depreciation of the KRW/EUR rate.

Looking at the broader picture, the mid-to-long-term trend shows a consistent depreciation of the KRW against the EUR. Over the past year, the pair has fallen by $7.84%$, and over six months, the decline is $4.73%$. This sustained downward trend suggests persistent pressure on the Won, possibly stemming from diverging interest rate differentials or differing central bank monetary policy stances between the Bank of Korea and the European Central Bank that favor the Euro. The $1$-week change remains positive at $+0.30%$, representing a minor, short-term reversal or consolidation within the dominant downtrend.

Analyzing market stability, the $1$-week period exhibits moderate efficiency at $0.57$, indicating some choppiness. However, the $6$-month and $1$-year efficiency readings are extremely low ($0.11$ and $0.08$, respectively), which, counterintuitively for a strong trend, suggests that while the net result is a decline, the price action over these longer horizons has been highly erratic and directionless on a day-to-day basis, characterized by significant zigzagging, despite the overall negative drift. Volatility (Standard Deviation) has slightly increased over time, moving from $0.12%$ in one week to $0.52%$ over the year, signaling larger daily price swings in the longer view. For context, recent news concerning South Korean inflation figures or any shifts in global risk sentiment impacting Asian currencies could provide the concrete backdrop for the Won's recent softness against major currencies like the Euro.

Historical Chart