The won-dollar exchange rate fell to 1,355.9 won during intraday trading on the 3rd, its lowest level since July 3 of last year, before closing at 1,359.3 won. The currency has declined 206.2 won from its intraday peak of 1,561.5 won on June 5 this year. The move has defied the usual relationship between a stronger dollar and a higher won-dollar rate, with analysts citing U.S. and Japanese intervention to limit yen weakness and increased dollar supply from strong semiconductor exports. The Bank of Korea also omitted its monthly country ranking of foreign exchange reserves for the first time since February 2001, saying the ranking has limited relevance to external soundness and has been over-interpreted. Reserves rose to $442.28 billion at the end of August, the largest monthly increase since data compilation began in 1998. FX experts expect near-term won strength but see potential for a rebound toward or above 1,400 won later in the year. Separately, financial institutions contributed 1.4797 trillion won to inclusive finance programs from 2022 through June of this year, with banks accounting for 48% of the total.