South Korean Won Hits 2 Year High Against Dollar

Global Markets9 days ago

Local companies offloaded large volumes of U.S. currency on Monday, pushing the won to its strongest position relative to the greenback since Oct. 4, 2024. A decline in oil prices further aided the surge, with both factors driving the currency's upward movement at the start of the trading week.

The climb marks a 2 year high for the South Korean won. The rally coincides with a period of increased dollar selling by local firms and a downward shift in global oil prices.

Mapped to your portfolio

Possible scenarios

45%Orderly Won Strength+0.3%
25%Authorities Cap Gains-0.0%
20%Exporter Margin Worries-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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South Korean Won Hits 2 Year High Against Dollar

In this story

South Korea United States

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Orderly Won Strength+0.3%
25%Authorities Cap Gains-0.0%
20%Exporter Margin Worries-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.