South Korean won hits strongest level since Oct. 4, 2024

  • South Korean won extended its rebound against the U.S. dollar on Monday.
  • 1,334.7 won per dollar was the currency’s strongest level since Oct. 4, 2024.
  • Local exporters, including semiconductor companies, sold dollars for won.

The South Korean won extended its recent rebound Monday, reaching 1,334.7 won per dollar in morning trading, its strongest level since Oct. 4, 2024. It later stood at 1,340.5 won per dollar at 3:30 p.m., up 9.9 won from the previous session’s close. Local exporters, including semiconductor companies, have driven much of the advance by converting dollar holdings into won.

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