The Korean won strengthened into the 1,300-per-dollar range on Aug. 19, its strongest level in roughly 11 months.
The move can ease import-cost pressure but also changes the earnings translation for export-heavy Korean companies.
The won moves back into the 1,300s for the first time in 11 months
The dollar closed around ₩1,397.7 in Seoul trading, as expectations for U.S. rates and exporter dollar sales pushed the Korean currency to its strongest level in roughly 11 months.