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South Korean Won Hits 4.27% Monthly Appreciation Against Dollar, Led G20 in July

2026-07-19 05:37:34

SK Hynix-11.52%

SKHY0.89%

SKHYV-0.98%

According to Korea Economic Daily, the Korean won strengthened against the U.S. dollar to 1478.5 won on July 17-18, marking its strongest level in over two months and reflecting a 4.27% appreciation for the month—the highest among Group of Twenty currencies. The surge follows SK Hynix's listing on Nasdaq through an American Depositary Receipt (ADR) offering, which raised approximately $26.5 billion and is expected to inject significant dollar flows into the market sequentially. The won's appreciation contrasts with competing exporters like Japan (0.08% appreciation) and Taiwan (negative 1.80% depreciation) during the same period.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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