Breaking News The won-dollar exchange rate exceeded 1,470 won...For the first time since the financial crisis

The won-dollar exchange rate, which surpassed 1,460 won for three consecutive days, even surpassed 1,470 won.

In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,467.5 won, continuing its upward trend, and then immediately surpassed 1,470 won.

The won-dollar exchange rate, which exceeded 1,440 won due to the martial law shock this month, surpassed 1,450 won after the U.S. FOMC's "hawkish interest rate cut" and surpassed 1,470 won following 1,460 won due to political uncertainty over the proposed impeachment of Acting President Han Deok-soo.

This is the first such surge in exchange rates in 15 years and 10 months since March 2009 during the global financial crisis.

The market believes that the won-dollar exchange rate is soaring as political uncertainty grows and speculative forces seeking foreign exchange profits flow in, with some speculating that Choi Sang-mok may be acting as acting president.