Korean currency falls to more than 13-year low in intraday trading
This photo, taken July 15, shows information on South Korea's stocks and currency movements on an electronic signboard at a Hana Bank dealing room in Seoul. Yonhap
The Korean currency on Friday sank below the 1,320-won level against the U.S. dollar for the first time in more than 13 years amid concerns about global monetary tightening and an economic recession.
The Korean currency was trading at 1,320.80 won against the dollar as of 9:15 a.m., down 8.70 won from the previous session. The won hit as low as 1,321.40 per dollar after the market open.
It marked the first time that the won has fallen through the 1,320-won level per the greenback since April 30, 2009. (Yonhap)