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ForexMedium•13 April 2026•

1 min read

USD/KRW Holds Near 1,480 as Bank of Korea Stays Cautious Amid Iran Risks

Donald Trump against maps of the US and Iran, with oil barrels, pipelines, derricks, and upward financial charts amidst flames.

Key Facts

1USD/KRW is trading around the 1,480 level, maintaining its intraday gains.

2The Bank of Korea (BoK) is advocating for a 'wait mode' policy stance due to geopolitical tensions.

The USD/KRW currency pair maintained its upward momentum, trading near the 1,480 level as it held onto its recent intraday gains. The Bank of Korea (BoK) has signaled a 'wait and see' policy stance, opting to monitor global developments rather than intervening immediately in the foreign exchange market. Market sentiment remains weighed down by geopolitical risks associated with Iran, which has dampened appetite for riskier assets across the board. This uncertainty continues to bolster the US Dollar's strength against emerging market currencies, including the South Korean Won. Analysts suggest that the BoK's cautious approach provides room for the pair to sustain its current elevated levels in the near term. Investors are closely watching the Middle East situation, as any further escalation could drive additional capital flows toward safe-haven assets and away from the Won.