The won rose to its highest level in nearly 10 months as exporters exchanged US dollar revenues into local currency. The won rose 0.7% against the US dollar to 1,414.55 won per dollar, the strongest level since October; then the increase narrowed to 0.3%. Woori Bank economist Min Gyeong-won: “Although I think there are still buying orders against the Korean won at a low level, exporters definitely have an advantage when selling dollars.”

The won rose to its highest level in nearly 10 months as exporters exchanged US dollar revenues into local currency. The won rose 0.7% against the US dollar to 1,414.55 won per dollar, the strongest level since October; then the increase narrowed to 0.3%. Woori Bank economist Min Gyeong-won: “Although I think there are still buying orders against the Korean won at a low level, exporters definitely have an advantage when selling dollars.”