S. Korean won hits over 2-year high against U.S. dollar
SEOUL, Oct. 19 (Yonhap) -- The South Korean won advanced to an over two-year hig...
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.
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- Korean won hits over 2-year high against US dollar koreatimes.co.kr
