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USD/KRW Falls to 1,466.80, Lowest Since May 7, as Q2 GDP Surprises and Foreign Investors Buy Korean Stocks

2026-07-23 09:58:25

SKHY-3.86%

SKHYV-0.98%

According to Yonhap Infomax, the USD/KRW exchange rate fell to 1,466.80 Korean won today (July 23) in Seoul, marking its lowest level since May 7 and a sharp 13.30-won decline from the previous close. The currency has fallen approximately 94 won from its July 1 high of 1,559.20 won.

The decline was driven by South Korea's Q2 real GDP growth surprise, which came in at 0.6% quarter-on-quarter and 3.7% year-over-year, alongside sustained foreign buying of Korean equities totaling 2.13 trillion won on the KOSPI. Market dealers noted additional dollar-selling pressure from SK Hynix ADR (American Depositary Receipt) liquidations.

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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