Korean Won Hits 14-Month High Against US Dollar as Japan's Yen Strengthens
5 Articles
5 Articles
(Sejong=Yonhap News) Reporter Kim Soo-hyun = As dollar selling (negotiation) volumes from exporters emerged and concerns arose regarding intervention by Japanese foreign exchange authorities, the won/dollar exchange rate on the 3rd...
Driven by dollar selling by exporters, the won-dollar exchange rate fell to the 1,350 won range for the first time in one year and two months. On the 3rd, the won-dollar exchange rate in the Seoul foreign exchange market closed the week at 1,359.3 won, down 9.4 won from the previous trading day. The last time the rate entered the 1,350 won range based on the weekly closing price was on July 3 of last year.
The won-dollar exchange rate against the US dollar stood at 1,359.8 won at 9:00 AM on the 3rd. This is a decrease of 8.9 won (0.65%) from the weekly closing price of the previous trading day. This marks the first time the exchange rate has reached the 1,350 won range at 9:00 AM since July 3, 2025 (1,355 won). Forecasts suggest that the exchange rate will fall today compared to the previous day. This is driven by dollar selling pressure from majo…
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