Due to the impact of U.S. tariffs, the daily average volatility of the South Korean won against the U.S. dollar in April reached a new two-and-a-half-year high.

According to the Bank of Korea, affected by the U.S. tariff policy, the exchange rate of the won against the U.S. dollar fluctuated sharply in April, with an average daily amplitude of 9.7 won, the highest level since November 2022. According to the data, the average daily amplitude of the exchange rate of the won against the US dollar in the month was 9.7 won, with a change rate of 0.67%, more than double that of March (4.3 won, 0.29%) and a new high since November 2022. In November 2022, the exchange rate fluctuated even more in anticipation of a possible slowdown in interest rate hikes by the Federal Reserve, with an average daily amplitude of 12.3 won.