Won-Dollar Exchange Rate Surpasses 1,380 Won... First Time in 13 Years and 5 Months (Update)

On the 7th, when the won-dollar exchange rate surpassed 1,380 won for the first time in 13 years and 5 months, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Seo So-jeong] The won-dollar exchange rate has surpassed 1,380 won for the first time in 13 years and 5 months, showing an unstoppable upward trend.

On the 7th, the exchange rate opened at 1,377.0 won, up 5.3 won, and soared to 1,383.0 won around 9:17 a.m., setting a new high again. It has been breaking record highs for six consecutive trading days.

The won-dollar exchange rate entered the 1,380 won range just two days after surpassing 1,370 won on the 5th.

The exchange rate exceeding 1,380 won is the first time since April 1, 2009 (high of 1,392.0 won), during the financial crisis, marking 13 years and 5 months.

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