The Korean won rises to nearly a one-year high against the US dollar, with exporters selling dollars providing support
2026-08-24 13:51:58
According to CoinMeta, as reported by A early in the issuance of in, on Monday, the exchange rate of the Korean won to the US dollar rose to 1,376.5, reaching its strongest level since mid-September 2025. The US dollar remained near several-month lows, and the uncertainty brought about by US Treasury bond repurchases and sanctions against Iran put pressure on the market. A surge in South Korean semiconductor exports helped strengthen the won, enabling it to withstand the pressure of rising oil prices. Christopher Wong, a foreign exchange strategist at OCBC Bank, stated that the selling of US dollars by exporters and enterprises, combined with the overall weakening of the US dollar, provided continuous support for the won.
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Source:Internet
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