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South Korean Won Hits Two-Year High on Lower Oil, Dollar Sales

Bloomberg Markets Monday 12 October 2026, 02:20 UTC By Hooyeon Kim 1 min read
Key Points

Currencies South Korean Won Hits Two-Year High on Lower Oil, Dollar Sales South Korea’s won jumped to a two-year high on Monday, supported by lower oil prices and heavy dollar selling by local companies. The currency rose as much as 0.8% to 1,333.30 against the dollar after the markets returned from a three-day long weekend, before trimming its advance to 0.5%. Most regional peers also gained.

Currencies South Korean Won Hits Two-Year High on Lower Oil, Dollar Sales South Korea’s won jumped to a two-year high on Monday, supported by lower oil prices and heavy dollar selling by local companies. The currency rose as much as 0.8% to 1,333.30 against the dollar after the markets returned from a three-day long weekend, before trimming its advance to 0.5%. Most regional peers also gained.
South Korean (ORG) South Korea’s (LOCATION)
Originally published by Bloomberg Markets Read original →

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