Won falls to lowest point in 13 years against dollar in intraday trading
An electronic signboard at Hana Bank in Seoul shows the Korean currency trading at 1,300.50 won against the dollar. Yonhap
Korea's currency fell below the 1,300-won level against the U.S. dollar for the first time in about 13 years Thursday amid growing concerns about global monetary tightening and an economic recession.
The won was trading at 1,300.50 against the dollar as of 9:19 a.m., down 3.2 won from the previous session.
This was the first time the won has fallen through the 1,300-won level to the greenback since July 15, 2009. (Yonhap)