(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] The dollar-won exchange rate surpassed 1,400 won following the election of former U.S. President Donald Trump. This marks the first time the exchange rate has exceeded 1,400 won in about seven months, since April 16.

As of 8:51 PM on the 6th, the dollar-won exchange rate stood at 1,404 won, up 25.4 won from the previous day’s closing rate of 1,378.6 won at 3:30 PM.

This is the first time in about seven months that the exchange rate has breached the 1,400 won mark. The last time the rate surpassed 1,400 won was during the 1997 Asian financial crisis, the 2008 global financial crisis, and the 2022 U.S.-driven high-interest shock.

The recent surge in the exchange rate is attributed to the strengthening of the dollar following Trump’s election victory. Trump's economic policies, which emphasize protectionism through universal tariffs, as well as factors such as the expansion of the U.S. fiscal deficit and measures to counter China, are seen as contributing to the stronger dollar.

 

 

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