South Korean Won Rises Against U.S. Dollar
The South Korean won has appreciated against the U.S. dollar for five consecutive sessions.
The South Korean won has appreciated against the U.S. dollar for five consecutive sessions.
On October 8, 2026, the South Korean won continued its upward trend against the U.S. dollar, marking its fifth consecutive day of gains. The exchange rate was reported at 1,338.5 won per dollar by 3:30 p.m., reflecting a rise of 1.9 won from the previous trading session.
During morning trading, the won reached a high of 1,336.3 per dollar, the strongest level since September 10. This appreciation of the won comes amid broader strength in the U.S. dollar, following recent comments from U.S. Federal Reserve policymakers regarding inflation risks.
Despite the won's gains, foreign investors sold approximately 2 trillion won (around $1.5 billion) worth of local shares during the latest trading session. The Korea Composite Stock Price Index fell by 2.62%, closing at 6,625.93.
The fluctuations in the currency market are expected to have implications for trade and investment flows, as businesses adjust to the changing dynamics in exchange rates.
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