The South Korean won (KRW) weakened by 0.63% against the US dollar, with the exchange rate rising to 1,356.94 KRW per USD. This indicates that it now takes more won to buy one dollar, reflecting a decline in the strength of the South Korean currency. The KRW has lost 8.56 points as the markets remain open, signaling a weaker performance.
Over the past few months, the won has shown mixed trends, with a 1.95% decline over the last three months and a 2.34% drop over six months. Despite these short-term losses, the currency is still up 4.94% year-to-date.
Asian currencies are generally subdued, while regional stock markets continue to gain, contributing to the KRW’s movement. Investors are watching both domestic and global factors closely for further impacts on the currency’s value.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.