South Korean Won Hits Near Two-Year High Against U.S. Dollar
The South Korean won has strengthened significantly against the U.S. dollar, reaching its highest level in nearly two years.
The South Korean won has strengthened significantly against the U.S. dollar, reaching its highest level in nearly two years.
On October 12, 2026, the South Korean won advanced to a near two-year high against the U.S. dollar, reflecting changes in currency strength and economic conditions.
The won was quoted at 1,335.1 won per dollar by 3:30 PM, up 7.7 won from the previous trading session. During the afternoon, it even reached a peak of 1,331.3 won per dollar, the strongest level since October 4, 2024.
This upward trend is largely attributed to local exporters, particularly in the semiconductor sector, who have been converting their dollar earnings into Korean currency.
However, the market also faced challenges, with foreign investors selling a net 2.01 trillion won (approximately $1.5 billion) worth of local shares. The Korea Composite Stock Price Index fell by 3.65%, closing at 6,384.24.
The current economic climate and these currency fluctuations may signal a shift in the South Korean economy's trajectory as it navigates global market pressures.
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