Won nears 1,400 after sharpest swings since financial crisis

The South Korean won is nearing the 1,300-per-dollar range after weakening to 1,550 in just over a month, underscoring the currency’s sharpest volatility since the global financial crisis. The local currency was quoted at 1,410.3 won per dollar as of 9 a.m. Monday in Seoul's onshore market. If the currency strengthens by roughly 10 won, the exchange rate will be pushed into the 1,300-won range for the first time since October. During trading late last week, the won strengthened to 1,407.3 per do

By The Korea Herald