The won rose to its highest level in nearly 10 months as exporters exchanged US dollar revenues into local currency. The won rose 0.7% against the US dollar to 1,414.55 won per dollar, the strongest level since October; then the increase narrowed to 0.3%. Woori Bank economist Min Gyeong-won: “Although I think there are still buying orders against the Korean won at a low level, exporters definitely have an advantage when selling dollars.”

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