#South Korean won exchange rate

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Bank dealing room screen showing the fluctuating KRW/USD exchange rate graph

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.

Jan 18, 2026