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South Korea's Won Surges 4.27% in July, Strongest Among Major Currencies as KOSPI Stabilizes

2026-07-18 21:01:36

SK Hynix-11.52%

SKHY0.89%

SKHYV-0.98%

According to Yonhapnews, South Korea's Korean won appreciated 4.27% against the dollar in July, the strongest performance among major 20 currencies, as the KRW/USD exchange rate fell from 1,560 to 1,478.5 won on July 17-18, 2026. SK Hynix's $26.5 billion Nasdaq ADR listing triggered substantial dollar supplies into the local market, with exporters converting foreign currency holdings and reduced foreign investor selling pressure as the Kospi stabilized. The Bank of Korea's interest rate increase to 2.75% on July 16 further supported won strength, marking the strongest monthly depreciation of the dollar against the won in three years and eight months.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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SK Hynix Continuously Sells USD From $26.5B ADR Proceeds, Pushes Dollar-Won to 1,481.30 on July 16

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