Korean won hits over 2-year high against US dollar
The Korean won advanced to an over two-year high against the U.S. dollar Monday, driven by dollar sales by local exporters and foreign institutional investors. The won was quoted at 1,330.3 won per dollar at 3:30 p.m., up 1.1 won from the close of the previous stock trading session. At one point in afternoon trading, the won was traded at 1,327.6 per dollar, marking the strongest level since Oct.…
The South Korean won reached a two-year peak against the US dollar on Monday, spurred by local firms selling dollars and foreign investors investing abroad. The currency was trading at 1,330.3 won for each dollar at 3:30 p.m., marking a 1.1 won increase from the previous trading day's close. At one point during the afternoon, the won peaked at 1,327.6 per dollar, the strongest level since October 2, 2024.
Finance Minister Lee Hyoung-il commented on Friday that the exchange rate was aligning with Korea's economic fundamentals. During the latest regular trading session, foreign investors sold a net 37.8 billion won ($28.3 million) worth of local shares. Meanwhile, the benchmark Korea Composite Stock Price Index rose 1.76 percent to close at 5,768.01.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Korean won hits over 2-year high against US dollar koreatimes.co.kr
- S. Korean won hits over 2-year high against U.S. dollar en.yna.co.kr
