The Won-Dollar Exchange Rate Hits a New High Again... Surpasses 1365 Won

On the morning of the 5th, employees are working in the dealing room of Hana Bank in Jung-gu, Seoul. [Photo by Yonhap News]

The won-dollar exchange rate hit 1,365 won at the opening, setting a new intraday high.

On the 5th, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,365 won, up 2.4 won from the previous trading day.

Accordingly, it surpassed the intraday high of 1,363.0 won recorded on the 2nd again. This marks a new intraday high for two consecutive trading days.

Based on the intraday high, this is the highest level in about 13 years and 5 months since April 21, 2009 (1,367.0 won) during the financial crisis.

Since Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), announced a monetary tightening stance at last month's Jackson Hole meeting, the dollar has strengthened, leading to a larger increase in the won-dollar exchange rate.

As of 9:20 a.m., the won-dollar exchange rate is hovering around 1,362 won.

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