Dollar-Won Closes Up 3.80 Won at 1,497.50 Won - Highest Since March 2009
Dollar-won exchange rate surges to 1,497.50 won, marking highest level since March 2009 as won weakens 3.80 won against greenback amid global market volatility
Dollar-won exchange rate re-enters 1,500 won territory amid unresolved Iranian conflict and heightened market volatility, with oil prices emerging as the critical variable determining further won weakness despite some stabilizing factors like solid exports and upcoming WGBI inclusion.
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USD-KRW Surges Over 11 Won Intraday on Rising DXY, Briefly Hits 1,493.10 Won
South Korean won weakens sharply against dollar, surging over 11 won intraday to briefly touch 1,493.10 won as US Dollar Index strengthens amid global market volatility
South Korean department stores monitor won weakness impact as foreign customer sales surge to multi-year highs, with operators expecting enhanced purchasing power though prolonged Middle East conflict poses demand risks
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[Iran Crisis Check] Department Stores Eye Foreign Sales Boost Amid Won Weakness
South Korean department stores monitor won weakness impact as foreign customer sales surge to multi-year highs, with operators expecting enhanced purchasing power though prolonged Middle East conflict poses demand risks
USD-KRW Breaches 1,480 Won on Middle East Risks, Up 14.00 Won
South Korean won weakens past 1,480 per dollar, rising 14.00 won as geopolitical tensions in Middle East drive safe-haven demand for greenback
Franklin Templeton Says Weak Won Not a Reason for Foreign Investors to Exit Korean Equities
Franklin Templeton says foreign investors are unlikely to exit Korean equities due to won weakness, but stresses that corporate reforms are needed for a sustained market re-rating.
Dollar deposits at South Korea’s top five banks surged by over 1 trillion won in a day as investors bet on further dollar strength, despite ongoing government intervention to stabilize the won.
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'Dollar Expected to Rise Further'—Bank Dollar Deposits Surge by 1 Trillion Won in a Single Day
Dollar deposits at South Korea’s top five banks surged by over 1 trillion won in a day as investors bet on further dollar strength, despite ongoing government intervention to stabilize the won.
The dollar-won exchange rate closed above 1,481.00 for the first time in overnight trading since July, as thin year-end liquidity and continued dollar buying pushed the won to its weakest level since April, with spot FX volume remaining elevated amid cautious sentiment.
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Dollar-Won Closes Above 1,481.00 in Thin Year-End Trading as Gains Widen
The dollar-won exchange rate closed above 1,481.00 for the first time in overnight trading since July, as thin year-end liquidity and continued dollar buying pushed the won to its weakest level since April, with spot FX volume remaining elevated amid cautious sentiment.
Deutsche Bank expects the Bank of Korea to hold rates steady in November, citing persistent real estate overheating concerns and currency pressures, with rate cuts likely in early 2026.
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[Monetary Policy Committee Interview]Deutsche Bank - Rate Hold Expected in November—Too Early to Say Real Estate Overheating Risks Have Eased
Deutsche Bank expects the Bank of Korea to hold rates steady in November, citing persistent real estate overheating concerns and currency pressures, with rate cuts likely in early 2026.
The USD/KRW exchange rate hit a seven-month high at 1,470 won, but FX options data show continued bearish sentiment on the won, with risk reversals staying positive and analysts noting further upside risk, though breaking above 1,480 won remains challenging amid volatility and potential intervention by authorities.
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Despite Touching 1,470 Won, FX Options Market Still Sees Bearish Outlook for Korean Won
The USD/KRW exchange rate hit a seven-month high at 1,470 won, but FX options data show continued bearish sentiment on the won, with risk reversals staying positive and analysts noting further upside risk, though breaking above 1,480 won remains challenging amid volatility and potential intervention by authorities.
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