The exchange rate of the South Korean won against the US dollar has reached a level above 1500 won for the first time since March 2009. This milestone follows a period of significant economic strife, reflecting the highest levels seen since the global financial crisis. As of the closing trade on the 19th, the exchange rate was 1501.0 won, marking a rise of 17.9 won since the previous trading day, having peaked earlier at 1505.0 won within the session.

The surge in the exchange rate can be attributed to several factors including rising Brent crude oil prices, which have exceeded $110 per barrel, along with the US Federal Reserve maintaining its interest rate, signaling a hawkish stance that bolsters the dollar's value. Currently, the dollar index has risen above the 100 mark, reflecting an increase in the dollar's value against six major currencies. Economic analysts predict that the current environment may continue to produce upward pressure on the won-dollar exchange rate, restrained only by potential government interventions.

In response to the falling value of the won, the KOSPI index saw a notable decline of 2.73%, closing at 5763.22, while the KOSDAQ also dropped by 1.79%. Market responses have shifted towards a bearish trend as the rising exchange rate impacts investor confidence in domestic equities, transitioning from previous days of growth. This decline in stock indices illustrates the interconnectedness of currency fluctuations and local market sentiment, with analysts suggesting that the struggle around the 1500 won mark will likely continue for the foreseeable future.