Won strengthens on robust exports, increased dollar supply

The Korean won has strengthened against the U.S. dollar due to robust exports and increased dollar supply, according to central bank data released on Sunday. The average exchange rate for the first 12 trading days of October reached a low of 1,342.6 won per dollar, marking the weakest point since September 2024, when the rate stood at 1,332.8 won.

This trend of the won appreciating has been supported by Korea's trade surplus and a plentiful supply of dollars in the market, with the exchange rate falling to its lowest point since October 2, 2024, at 1,328.9 won as of Friday evening.

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