Dollar-Won Hits Six-Day Low at 1,473.40 KRW on July 21, Lowest Since May 11

According to Yonhap Infomax, on July 21, the dollar-won exchange rate fell to 1,473.40 KRW, marking its lowest level in over two months and extending a six-day consecutive decline. The currency depreciated 5.00 KRW against the previous day's close of 1,478.40 KRW.

The decline was driven by strong dollar supply from exporters and SK Hynix ADR conversion demand. South Korea's exports surged 52.3% year-over-year to $54.9 billion for July 1-20, reaching record levels for the period. Government officials view the dollar supply strength as a sustained structural shift rather than temporary, citing SK Hynix fund inflows, corporate futures hedging, and current account surpluses as key factors sustaining won appreciation through the second half.