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Korean Won Strengthens to 1484.7 per Dollar, Down 70 Won This Month

2026-07-15 07:37:50

According to이데일리, the Korean won fell to 1484.7 per U.S. dollar on July 15, marking its lowest level in two months since May 12. The currency has dropped approximately 70 won since early July, driven by weakened U.S. inflation expectations and increased dollar weakness. Foreign investors purchased nearly 3 trillion won in domestic stocks, supporting won strength, while semiconductor exporters and shipbuilders sold dollars to convert foreign exchange proceeds. The Bank of Korea is scheduled to hold a monetary policy committee meeting on July 16, with markets expecting a 25 basis point rate increase to 2.75 percent.

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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