Today (23rd), the won/dollar exchange rate exceeded 1,300 won for the first time in about 13 years.
As of 9:19 am today, in the Seoul foreign exchange market, the won against the dollar was traded at 1,300.4 won, up 3.1 won from yesterday.
The exchange rate broke through 1,300 won about 10 minutes after it started at 1,299.0 won, up 1.7 won from the battlefield.
It is the first time in 12 years and 11 months since July 14, 2009 (high price of 1,303.0 won) that the won/dollar exchange rate exceeded 1,300 won during the day.
After that, it climbed to 1,300.8 won, breaking the intra-day high for two days in a row following yesterday (1,297.9 won on a mid-day basis).
Preference for safe-haven assets strengthened last night as Federal Reserve Chairman Jerome Powell acknowledged the possibility of a recession in a Senate hearing last night.
"We will find strong evidence that inflation will return to 2% in the coming months," Powell said before the Senate Banking Committee.
As a result, all three major indexes closed slightly lower in the New York Stock Exchange.
At the same time, the KRW/JPY financial exchange rate is 955.72 won per 100 yen.
Yesterday at 3:30 pm, the base price (951.06 won) increased by 4.66 won.