The South Korean won is projected to strengthen toward the 1,450 level against the US dollar in the second half of the year, according to analysts and market participants at a recent seminar hosted by the Korea Financial Investment Association (FKI).
Despite the bullish outlook for the currency, consensus remains that volatility will persist, driven by broader macroeconomic uncertainties and shifting risk sentiment across Asian markets.
The forecast comes as South Korea's benchmark Kospi index staged a sharp recovery late Monday morning, erasing early session declines.
Investors pivoted from geopolitical anxiety to risk-on sentiment, fueled by a broad rally in Asian equities.
The turnaround was supported by renewed optimism surrounding diplomatic efforts between the United States and Iran, with reports of progress in peace talks helping to ease tensions that had previously weighed on regional markets.
While the immediate market reaction has been positive, the path for the won remains sensitive to external shocks.