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South Korea's won rises nearly 8% against the dollar in one month, defying the tech sell-off

8/1/2026

The South Korean won gained nearly 8% against the US dollar last month. That puts it among the world's best-performing currencies over the period. The gain came while tech stocks were selling off.

The controlling number Nearly 8% against the dollar in a single month is the figure the story turns on. The source reports this for last month specifically; no year-over-year or year-to-date comparison is provided.

A move of that size, if sustained over a full year, would imply dramatic appreciation in won-denominated assets.

Monthly currency surges of this scale rarely hold at that pace, but the single-period number stands on its own.