The won-yen exchange rate temporarily fell to ¥100 = ₩843.29, setting a new low since 2008. The move was attributed to the won's appreciation driven by dollar inflows from South Korean companies, combined with the yen's weakening trend in Japan.
On the 12th, the won-yen exchange rate reached ¥100 = ₩843.29, its lowest level in approximately 18 years and 9 months since 2 January 2008.
This level was approximately 47.7% below the high of ₩1,610.89 recorded in March 2009, indicating that the won's current weakness has advanced considerably compared with historical levels.
The won-dollar rate ended the week at ₩1,335.1, down ₩7.7 from the previous business day, and fell to ₩1,331.2 as of 6 p.m. The price of the yen in won terms has effectively declined.
The yen's value has continued to fall, reflecting the Bank of Japan's cautious stance on raising interest rates and concerns about the Japanese government's fiscal position. In the second half of the year, it has traded in the upper ¥150s against the dollar.