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US dollar bills (Yonhap) |
The South Korean currency fell sharply against the US dollar during intra-day trading Wednesday after Donald Trump won the US presidential election.
The South Korean won was trading at 1,400.5 won to the dollar as of 8:20 p.m., marking the first time to surpass the 1,400 won threshold since April 16.
The won opened at 1,374 won at 9 a.m., up 4.6 won from the previous session.
But the won-dollar rate reversed course in the morning, with the US dollar strengthening on news that Trump held an advantage over Democratic rival Kamala Harris in the Electoral College vote.
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