Won-Dollar Exchange Rate Falls to 1,360-Won Range in 13 Months Amid Heavy Dollar Selling

The won-dollar exchange rate fell into the 1,360-won range during intraday trading for the first time in 13 months.

At 3:30 p.m. today in the Seoul foreign exchange market, the won-to-US dollar exchange rate closed down 3.9 won at 1,368.6 won.

Based on the 3:30 p.m. closing time, this marks the lowest level in about 13 months since July 8 of last year (1,367.9 won).

The exchange rate started trading at 1,380.0 won and rose to as high as 1,380.5 won in early trading, but later expanded its losses, dropping to 1,367.9 won around 3:22 p.m. today.

Based on intraday lows, it is the lowest level since July 24 of last year (1,365.1 won).

Analysts suggest that the exchange rate declined as a flood of dollar-selling orders poured in during the afternoon.

The dollar index, which measures the greenback's value against six major currencies, fell 0.086 to 99.622.

In the domestic securities market, foreign investors net sold 639.8 billion won worth of shares today.

The scale of net selling decreased compared to the previous trading day (1.7563 trillion won).

The won-yen exchange rate stood at 159.869 yen, down 0.228 yen from the previous trading day.

The cross rate for the won and Japanese yen dropped 4.51 won from the previous trading day to 856.10 won per 100 yen.

This is the lowest level since July 11, 2024 (849.45 won).

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.