But a majority of the analysts surveyed by The Korea Economic Daily on Sunday look past their worst-case scenarios and maintain their forecasts that the won will be steady to higher to the dollar in 2025 after pricing in Trump administration’s tariff policy.“The (domestic) foreign exchange market is past its political uncertainty,” said Hye-yoon Lim, an economist at Hanwha Investment & Securities.“There is little likelihood of the dollar/won rate rising above 1,450.“But to rebound to the pre-martial law level, there needs to be a sign of the domestic economy recovering.
He pointed out that external economic conditions would outweigh domestic issues in the domestic foreign exchange market.“The dollar will sustain its upward trend at a moderate pace against a basket of major currencie after the Fed makes another rate cut this month, which will lead to economic growth and price increases,” said Kim.
The South Korean won is expected to stage a rebound from its two-year low against the US dollar and hold steady in 2025 after the impeachment of South Korea’s President Yoon Suk Yeol in a parliamentary vote on Saturday reduced political uncertainty over Asia's No.4 economy, said foreign exchange analysts on Sunday.
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