The Won-Dollar Exchange Rate Surpasses 1240 Won Intraday... Highest in 1 Year and 10 Months
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022031415223877801_1647238958.jpg)
The won-dollar exchange rate surpassed 1,240 won during trading on the 14th.
In the Seoul foreign exchange market, the won-dollar exchange rate rose to 1,241.2 won at noon, breaking the six-day high set on the 8th (1,238.7 won). In the afternoon, the exchange rate remained around 1,240 won per dollar.
This is the first time since May 29, 2020 (high of 1,240.2 won) that the won-dollar exchange rate exceeded 1,240 won during trading. It is also the highest level in about 1 year and 10 months since it rose to 1,242.5 won on May 28, 2020.
The prolonged war between Russia and Ukraine appears to have increased preference for safe-haven assets such as the dollar, influencing the rise in the exchange rate. The dollar index, which indicates the value of the dollar, is moving around the 99.1 level.
Hot Picks Today
"How Much Will They Get?" 600 Million vs. 460 Million vs. 160 Million... Samsung Electronics DS Division's 'Three Wallets Under One Roof'
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- New Zealand to Cut 8,700 Civil Servants...14% Reduction Deemed 'Unsustainable and Unviable'
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, in the domestic stock market, the KOSPI showed a decline of over 2% at one point during the day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!["Please Help Us": How Much Do Those Bowing Deeply for Your Vote Really Earn? [Data Pick]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052010120870131_1779239528.png)
