Korean won hits near 2-year high against US dollar
The Korean won advanced to a near two-year high against the U.S. dollar Monday, fueled by dollar sales by local exporters. The won was quoted at 1,335.1 won per dollar at 3:30 p.m., up 7.7 won from the close of the previous stock trading session. At one point in afternoon trading, the won strengthened to a high of 1,331.3 per dollar, marking the strongest level since Oct. 4, 2024. The won's…
The Korean won reached a near two-year high against the US dollar on Monday, driven by dollar sales by local exporters, particularly semiconductor manufacturers. The exchange rate peaked at 1,331.3 won per dollar at one point during afternoon trading, marking the strongest level since October 4, 2024. This surge comes as exporters continue to convert their dollar earnings into Korean currency.
Foreign investors sold a net 2.01 trillion won ($1.5 billion) worth of local shares during the latest trading session, causing the Korea Composite Stock Price Index to drop 3.65 percent to close at 6,384.24.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Korean won hits near 2-year high against US dollar koreatimes.co.kr
- S. Korean won hits near 2-year high against U.S. dollar en.yna.co.kr
