As former President Donald Trump won the U.S. presidential election, the won-dollar exchange rate exceeded 1,400 won in seven months.
The won-dollar exchange rate rose 25.4 won to 1,404 won as of 8:48 p.m. yesterday (6th) in the Seoul foreign exchange market.
This is the highest in two years since November 2022, when the dollar was super-strong as the U.S. Federal Reserve tightened its tightening stance.
It is the first time in seven months that the won-dollar exchange rate has exceeded 1,400 won since hitting 1,400 won during the day on April 16.
The exchange rate, which started at 1,374 won, increased on the news that former President Trump was dominant, rose to 1,399.7 won at 12:02 p.m. and stopped below 1,400 won due to orders believed to be adjusted by the authorities.
However, after recording 1,396.2 won as of 3:30 p.m., it exceeded 1,400 won in night trading when former President Trump's election was confirmed.
The market is also predicting that the won-dollar exchange rate will rise to 1,420 won within this year due to Trump's election.
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