South Korean won hits two-year high against dollar on exporter sales
Briefing by News4U · First published
The won rose to 1,328.1 per dollar, its strongest level since Oct. 2, 2024, as exporters sold dollars.
The South Korean won strengthened to a fresh two-year high against the U.S. dollar on Tuesday, aided by corporate dollar sales, Yonhap Business reported. [1]
The won was quoted at 1,328.1 won per dollar at 3:30 p.m., up 2.2 won from the previous close, marking the third straight session at its strongest level since Oct. 2, 2024. [1]
Foreign investors sold a net 535.4 billion won (US$403 million) worth of local shares, and the benchmark KOSPI fell 3.73 percent to close at 5,552.74. [1]
Sources
- S. Korean won climbs to fresh 2-year high against U.S. dollar
Yonhap Business · · Full text