Won for the win

A currency exchange shop in the Myeongdong neighborhood of Jung District, central Seoul, is displaying exchange rates on Oct. 19.

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Exchange rates and currency symbols are shown outside a Myeongdong exchange shop as pedestrians walk past.
A currency exchange shop in the Myeongdong neighborhood of Jung District, central Seoul, is displaying exchange rates on Oct. 19. The won averaged 1,342.6 per dollar over the first 12 trading days of October, based on the 3:30 p.m. rate, its strongest monthly level in two years and one month, according to the Bank of Korea’s Economic Statistics System. The figure is the lowest since September 2024, when the rate averaged 1,332.8 won. Strong semiconductor exports increased the supply of dollars and drove the rate down. The won-yen cross rate also fell to its lowest point in 18 years and 10 months.

A currency exchange shop in the Myeongdong neighborhood of Jung District, central Seoul, is displaying exchange rates on Oct. 19. The won averaged 1,342.6 per dollar over the first 12 trading days of October, based on the 3:30 p.m. rate, its strongest monthly level in two years and one month, according to the Bank of Korea’s Economic Statistics System. The figure is the lowest since September 2024, when the rate averaged 1,332.8 won. Strong semiconductor exports increased the supply of dollars and drove the rate down. The won-yen cross rate also fell to its lowest point in 18 years and 10 months.

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