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The won rose to 1,368.6 per dollar on August 31, its highest level in about two months and first time at this level in 13 months. Exporters converting dollar export receipts into won at month-end drove the rebound after an early weakening on Warsh's hawkish remarks.
Shinhan Bank's economist called the gain largely one-time and said the dollar could rebound.
The move is driven by temporary month-end exporter flows, so the won's strength may not persist. Buyers paying in won for dollar-priced imports face somewhat lower costs for now.
mk.co.krAug 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
