South Korean Won Hits 17-Year Low Against U.S. Dollar

The South Korean won–U.S. dollar exchange rate has exceeded 1,510, marking its highest level in over 17 years. According to NS3.AI, this significant depreciation of the won reflects ongoing economic challenges and market volatility. Analysts suggest that factors such as geopolitical tensions and shifts in global trade dynamics are contributing to the currency's decline. The situation is prompting concerns among investors and policymakers about potential impacts on South Korea's economy and trade balance.