This week, the TWD to KRW exchange rate remained relatively stable, with the TWD trading at around 35 KRW. However, there have been recent developments in South Korea that could potentially affect the exchange rate.
In February, the Bank of Korea announced that it was considering raising interest rates to curb inflation. This decision came as South Korea's inflation rate hit a 10-year high of 2.5% in January. A higher interest rate would make the Korean won more attractive to foreign investors, which could increase demand for the currency and therefore strengthen its value against the TWD.
Another factor that could affect the TWD to KRW exchange rate is the ongoing COVID-19 pandemic. South Korea has been relatively successful in containing the spread of the virus, but there are concerns that a recent surge in cases could lead to further restrictions and a slowdown in economic activity. This could weaken the Korean economy and potentially lead to a weaker KRW.
Overall, it is difficult to predict the exact direction of the TWD to KRW exchange rate in the coming weeks and months. However, if the Bank of Korea decides to raise interest rates, we could see a strengthening of the KRW against the TWD. On the other hand, if the COVID-19 situation in South Korea worsens, we could see a weakening of the KRW.
In related news, South Korea has recently announced a new economic stimulus package worth 14.9 trillion won ($12.9 billion) aimed at boosting the economy and creating jobs. The package includes measures such as subsidies for small businesses and funding for infrastructure projects. This could potentially have a positive impact on the Korean economy and strengthen the KRW against the TWD.
In conclusion, the TWD to KRW exchange rate has remained relatively stable this week, but there are a number of factors that could potentially affect the rate in the coming weeks and months. The Bank of Korea's decision on interest rates and the ongoing COVID-19 pandemic in South Korea are both important factors to watch. Additionally, the recent economic stimulus package announced by the Korean government could potentially have a positive impact on the Korean economy and the KRW.