Due to the U.S. tariff impact, the daily average fluctuation of the South Korean Won against the U.S. Dollar in April reached a two-and-a-half-year high.

BlockBeats News, May 4th. According to the Bank of Korea, due to the impact of U.S. tariff policies, the exchange rate of the Korean won against the U.S. dollar experienced drastic fluctuations in April, with a daily average amplitude of 9.7 Korean won, the highest level since November 2022.

Data shows that the daily average amplitude of the Korean won to U.S. dollar exchange rate in that month was 9.7 Korean won, with a fluctuation rate of 0.67%, more than doubled compared to March (4.3 Korean won, 0.29%), reaching a new high since November 2022. In November 2022, influenced by expectations of the Federal Reserve possibly slowing down its interest rate hikes, the exchange rate experienced even greater volatility, with a daily average amplitude of 12.3 Korean won. (FXStreet)