SeoulMarkets · tag
exchange rate
3 stories tagged “exchange rate”, each from official Korean data with its source and timestamp.
The won just hit a 14-month high, two months after its worst point
On 7 September the won closed at 1,355.2 to the dollar — its strongest since 2 July 2025. That is 12.8% stronger than the 1,554.4 it hit on 2 July 2026, almost exactly a year later. The whole year's move unwound in nine weeks.
The won, not the goods, drove much of Korea's imported inflation
Over the year to July 2026 Korea's import prices rose 18.4% in won but only 11.1% in contract currency. The 7-point gap is the exchange rate, not dearer goods. A March commodity spike lifted all gauges, then partly eased. Not advice.
Korea's import prices rose 9% in the seller's currency and 20% in won. The gap is the exchange rate.
Priced in the currency each contract is written in, Korea's imports cost 9.1% more over the year to June. In won they cost 19.7% more. The 33-point gap between the two indices is not the goods getting dearer — it is the won getting weaker.