US EditionKorean Won Trades Sharply Lower as Iran Crisis Persists
5 Articles
5 Articles
Won-Dollar Exchange Rate Surpasses 1,510 Won, Highest in Over 17 Years On the 23rd, the won-dollar exchange rate surpassed the 1,510 won mark. This is the first time in 17 years since March 2009. The exchange rate is soaring day after day as concerns grow that the war between the U.S./Israel and Iran will be prolonged. On this day, the Seoul foreign exchange market
South Korean won hits to 17-year low as Middle East tensions rise
Rising tensions linked to the conflict involving Iran have created uncertainty in global financial markets, pushing South Korean won to its lowest level in 17 years against the US dollar. According to international reports, the won dropped to around 1,510 per dollar, continuing its downward trend from last week. The currency opened at a slightly stronger level in early trading but quickly weakened further, touching its lowest point since 2009. A…
South Korea's won fell to its lowest level against the US dollar in 17 years in early trading on Monday, amid market volatility caused by the Iran war. The currency fell to 1,510 won per dollar, its lowest point since 2009. Source: AFP www.ertnews.gr
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