Won-Dollar Exchange Rate Hits 15-Year High On January 19, the South Korean won (KRW) breached the 1,450 won per dollar mark, a level unseen since March 2009. According to TradingView, the won-dollar exchange rate currently stands at 1,451.60 won, a 0.04% decrease from the previous day. Factors Driving the Currency's Strength The won's surge against the dollar can be attributed to several factors: Strong economic performance: South Korea's robust economic growth and low unemployment rate have boosted the won's value. Interest rate differential: The widening interest rate gap between South Korea and the US has made the won more attractive to foreign investors. Global economic uncertainty: The ongoing trade tensions and geopolitical risks have increased demand for safe-haven currencies like the won. Implications for Consumers and Businesses The won's strength could have mixed implications for the South Korean economy. Reduced purchasing power: The higher dollar cost of imports may lead to increased inflation and reduced purchasing power for consumers. * Boosted exports: The weaker dollar could make South Korean exports more competitive in the global market, potentially boosting economic growth. Financial experts continue to monitor the won-dollar exchange rate closely, as its fluctuations can have a significant impact on the South Korean economy and global markets. ```