Business · Markets · 3 hrs ago
Won reaches its lowest level against the dollar in about two years
The South Korean won strengthened against the US dollar in Seoul on Oct.
12.
It reached 1,333.2 won per dollar, its lowest level since Oct.
4, 2024.
The exchange rate had opened at 1,342.5 and stood at 1,336.7 at 11:10 a.m.
local time.
A lower number means fewer won are needed to buy one dollar.
South Korea’s exports from Oct.
1 to 10 reached a record $26.1 billion for that period, helped by strong semiconductor exports.
The dollar also edged lower against a basket of six major currencies.
The won fell to 1,333.2 per dollar in Seoul trading on Oct. 12, its lowest level in about two years.
The rate reached that level at about 9:56 a.m. local time.
It was the lowest since the rate’s 1,331.3 low on Oct. 4, 2024.
The rate opened at 1,342.5 and stood at 1,336.7 at 11:10 a.m.
South Korea’s exports in the first 10 days of October reached a record for that period, supported by strong semiconductor exports.
- Who
- The won and the US dollar.
- What
- The won fell to 1,333.2 per dollar, its lowest level in about two years.
- When
- Oct. 12, 2026; it reached that level at about 9:56 a.m.
- Where
- The Seoul foreign exchange market.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The exchange rate’s previous low was 1,331.3 won per dollar.
The rate opened at 1,342.5 won per dollar.
The rate fell to 1,333.2 won per dollar.
The rate stood at 1,336.7 won per dollar.
- Lowest rate
- 1,333.2 won per dollar
- Previous low
- 1,331.3 won per dollar on Oct. 4, 2024
- Opening rate
- 1,342.5 won per dollar
- Rate at 11:10 a.m.
- 1,336.7 won per dollar
- Exports, Oct. 1–10
- US$26.1 billion, a record for the same period
Sources
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