Won-Dollar Rate Falls 7.7 Won to 1,335.1 Won, Lowest in More Than 2 Years

Dollar selling led by semiconductor companies among factors driving the decline

The won-dollar exchange rate fell to its lowest level in more than two years on October 12.

A display board in the dealing room at Hana Bank's headquarters in Jung-gu, Seoul, shows the won-dollar exchange rate, the KOSPI and KOSDAQ indexes on the 12th. Yonhap News Agency

As of 3:30 p.m., the won-dollar rate in the Seoul foreign exchange market was 1,335.1 won, down 7.7 won from the previous trading day. This was its lowest level since October 4, 2024, when it stood at 1,333.7 won.

The exchange rate opened at 1,342.5 won and then declined. At around 3:45 p.m., it fell as low as 1,332.0 won. This was also the lowest intraday level since October 4, 2024, when it hit 1,331.3 won.

Analysts say the exchange rate is falling because dollar-selling by semiconductor companies and others is continuing, while demand remains limited.

The U.S. Dollar Index, which measures the dollar's value against the currencies of six major economies, fell 0.06% from the previous trading day to 102.150.

The yen-dollar exchange rate rose 0.01% to 158.305 yen per dollar. The won-yen cross rate fell 2.48 won from the previous session to 843.66 won per 100 yen. It dipped as low as 840.83 won during the session, its lowest level since January 2, 2008, when it stood at 833.4 won.

This content was produced with the assistance of AI translation services.