{
  "id": 15579326,
  "title": "Korean won hits over 2-year high against US dollar",
  "url": "https://urgent.news/2026/10/19/korean-won-hits-over-2-year-high-against-us-dollar",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T08:12:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261019/korean-won-hits-over-2-year-high-against-us-dollar"
  },
  "original_language": "en",
  "account": "The Korean won surged to a two-year peak against the US dollar on Monday, propelled by local exporters selling dollars and foreign institutional investors. The currency hit 1,330.3 per dollar at 3:30 PM, a 1.1-won increase from the previous session's close. A brief dip to 1,327.6 per dollar earlier saw the highest level since October 2, 2024. Finance Minister Lee Hyoung-il noted last Friday that the exchange rate aligned with Korea's economic fundamentals. That same day, foreign investors offloaded a net 37.8 billion won ($28.3 million) worth of domestic stocks, while the benchmark Korea Composite Stock Price Index rose 1.76% to 5,768.01.",
  "summary": "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.…",
  "key_points": [
    "Korean won reaches two-year high against US dollar at 1,330.3 per dollar.",
    "Finance Minister Lee Hyoung-il attributes rate to Korea's economic fundamentals.",
    "Foreign investors sold 37.8 billion won in domestic stocks that day."
  ],
  "editors_take": "The surge in the won signals a shift in market dynamics as exporter activity and foreign institutional involvement align with the nation's underlying economic fundamentals.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "S. Korean won hits over 2-year high against U.S. dollar",
        "url": "https://urgent.news/2026/10/19/s-korean-won-hits-over-2-year-high-against-u-s-dollar",
        "published": "2026-10-19T07:30:35.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Korean won hits over 2-year high against US dollar",
        "url": "https://urgent.news/2026/10/19/korean-won-hits-over-2-year-high-against-us-dollar-15582922",
        "published": "2026-10-19T08:52:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}