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Exchange rate for S. Korean currency tops USD/KRW 1,310 on recession fears Updated: 2022-07-06 22:27:09 KST

The exchange rate for the South Korean currency, as it weakens against the U.S. dollar, reached its highest level in 13 years this morning, topping 1-thousand 3-hundred-10. It came down by the close of the session in Seoul but ended at about 13-05. The intra-day high was the weakest the won has been since July 2009, when the exchange rate hit 13-15. Investors have been moving out of Korea into U.S. dollars. On Tuesday, another sign of preference for the dollar, and historically a sign of recession on the way -- the yield on the two-year U.S. Treasury rose above that of the 10-year, the third time that's happened this year.
KOGL : Korea Open Government License
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