FX & Commodity Almanac

ECB fixings to 16 Oct 2026 · World Bank prices to September 2026

Currency pair · cross of two ECB reference rates

What is the USD/KRW reference rate and how has it moved?

The USD/KRW reference rate was 1,332.10 on 16 Oct 2026: one USD was worth 1,332.10 KRW. That is 6.1% below a year earlier and 0% of the way up its 52-week range. Annualised volatility over the year was 9.5%.

USD/KRW · 16 Oct 2026
1,332.10Previous fixing 1,345.90 (15 Oct 2026) · ▼ −1.03%
12-month change
▼ −6.1%from 1,417.88 on 16 Oct 2025
52-week range
1,332.10–1,558.09low 16 Oct 2026 · high 1 Jul 2026
Volatility, 1 yr
9.5%annualised; full-year average since 2016: 8.6%

The past twelve months

USD/KRW daily ECB reference rate, past 12 monthsDaily USD/KRW from 16 Oct 2025 (1,417.88) to 16 Oct 2026 (1,332.10); 52-week high 1,558.09 on 1 Jul 2026, low 1,332.10 on 16 Oct 2026. 1,3001,3501,4001,4501,5001,5501,600 NovJanMarMayJulSept
Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

  1. Over the past year USD/KRW has moved about as much as usual: 9.5% annualised volatility against a 8.6% average for full calendar years since 2016. Its calmest full year was 2019 (6.2%) and its busiest 2022 (11.3%).
  2. Since 4 Jan 2016 the rate has ranged from 1,054.49 (3 Apr 2018) to 1,558.09 (1 Jul 2026). Today's fixing is higher than 71% of the 2,763 daily fixings in that period.
  3. Five years ago, on 15 Oct 2021, the fixing was 1,181.87, so the rate is 12.7% above that level. Over one month it is ▼ −2.61% (from 1,367.80 on 16 Sept 2026).
  4. The largest single-day move of the past year was on 24 Dec 2025: 1,480.88 → 1,448.24 (▼ −2.20%).
  5. Read the other way round, 1 KRW was worth 0.00075 USD on 16 Oct 2026 (KRW/USD).

How is the USD/KRW figure on this page produced?

The ECB does not publish USD/KRW; it publishes each currency against the euro. The cross is the ratio of the two: KRW per euro ÷ USD per euro = 1,499.01 ÷ 1.12530 = 1,332.10 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

USD/KRW yearly close, change, high, low, average and volatility
YearCloseChangeHighLowAverageVol.
2026 to date 1,332.10 ▼ −7.8% 1,558.09 1 Jul 1,332.10 16 Oct 1,454.27 8.6%
2025 1,444.20 ▼ −2.1% 1,480.88 23 Dec 1,353.24 1 Jul 1,421.52 9.4%
2024 1,474.78 ▲ +13.7% 1,474.78 31 Dec 1,309.46 4 Jan 1,363.53 7.5%
2023 1,297.43 ▲ +3.0% 1,361.46 3 Oct 1,224.88 2 Feb 1,306.85 10.2%
2022 1,260.16 ▲ +6.0% 1,443.29 21 Oct 1,185.76 13 Jan 1,292.98 11.3%
2021 1,188.75 ▲ +9.2% 1,197.23 12 Oct 1,083.30 4 Jan 1,145.51 6.8%
2020 1,088.75 ▼ −5.6% 1,262.98 19 Mar 1,085.13 8 Dec 1,179.36 8.1%
2019 1,153.89 ▲ +3.4% 1,223.67 13 Aug 1,112.10 31 Jan 1,166.28 6.2%
2018 1,116.10 ▲ +4.6% 1,144.26 26 Oct 1,054.49 3 Apr 1,100.73 7.8%
2017 1,066.96 ▼ −11.4% 1,207.69 2 Jan 1,066.96 29 Dec 1,130.82 7.8%
2016 1,204.21 — 1,239.45 25 Feb 1,089.65 8 Sept 1,160.50 10.8%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

USD/KRW ECB reference rate since January 2016USD/KRW from 1,190.92 on 4 Jan 2016 to 1,332.10 on 16 Oct 2026; highest 1,558.09 on 1 Jul 2026, lowest 1,054.49 on 3 Apr 2018. 1,0001,1001,2001,3001,4001,5001,600 201620182020202220242026
ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

DateFromToMove
11 Nov 20221,380.311,318.59▼ −4.47%
17 Mar 20161,194.851,160.68▼ −2.86%
9 Jan 20231,273.501,243.80▼ −2.33%
24 Jun 20161,145.381,171.96▲ +2.32%
24 Dec 20251,480.881,448.24▼ −2.20%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources