USD/KRW Falls to 1,480 from 1,559 High in 3 Weeks Amid Rising Export Dollar Supply

According to Seoul forex market data as of July 23, the USD/KRW exchange rate fell to around 1,480 won from a peak of 1,559.20 won on July 1, marking the first decline since hitting its highest level since 2009. The roughly 80-won drop reflects increased dollar supply flowing from record-breaking exports driven by semiconductor demand. South Korea's June exports exceeded $102.25 billion for the first time, with July 1–20 exports reaching $54.9 billion, the highest for the period on record.
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