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Korean Won Falls to 1,480 Level as Dollar Weakens, First Time in Two Months

2026-07-15 07:41:29

According to EDaily, the Korean won-USD exchange rate fell to the 1,480 level on July 15, marking its lowest point in approximately two months. The decline was driven by a weaker U.S. dollar amid slowing inflation, combined with increased dollar sales by South Korean semiconductor and shipbuilding companies. South Korea's central bank is set to hold its monetary policy committee meeting on July 16, with markets monitoring whether additional rate hike signals will emerge.

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Won-Dollar Exchange Rate Drops to 1484.7 Won, Lowest in Two Months

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Lucas Bennett07-14 07:17

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