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#FX market

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Bank dealing room screen showing the fluctuating KRW/USD exchange rate graph
PoliticsEN
Won Breaches 1,450: South Korean Won Exchange Rate Defense Intensifies as Banks Cut Dollar Rates

South Korean banks and the BOK are taking drastic measures, including cutting dollar deposit rates, to stabilize the won as it hits 1,473.6 against the USD in early 2026.

Currency traders at a dealing room in Seoul monitors the won-dollar exchange rate.
PoliticsEN
South Korean Banks Launch Currency Stabilization 2026 Efforts as Won Slides

South Korean commercial banks are slashing dollar deposit rates and offering incentives to sell greenbacks as the won hits a fresh low of 1,473.6 per dollar.