Won-Dollar Exchange Rate Surpasses 1,390 Won... First Time in 13 Years and 5 Months (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Seo So-jeong] The won-dollar exchange rate surpassed 1,390 won for the first time in 13 years and 5 months.

According to the Seoul foreign exchange market on the 14th, the exchange rate, which started at 1,393.0 won, up 19.4 won, soared to 1,394.8 won at 9:01 a.m., just after the market opened.

The exchange rate exceeding 1,390 won is the first time since March 31, 2009, during the financial crisis (high of 1,422.0 won), marking 13 years and 5 months. Even on a closing basis, it is the highest level since March 20, 2009, when it was 1,412.5 won.

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