The South Korean won weakened past the psychological threshold of 14-hundred won against the U.S. dollar on Tuesday, after Donald Trump’s victory in the U.S. presidential election last week. 

The South Korean currency traded at 14-hundred-three-point-five won per dollar as of 3:30 p.m. Tuesday, eight-point-eight won more than the price at Seoul’s closing time Monday.  

This marks the first time since November 7, 2022, that the exchange rate at Seoul’s closing time has exceeded 14-hundred won per dollar. 

Starting July 1, the closing time of the foreign exchange market in South Korea was extended from 3:30 p.m. to 2 a.m. the next day. 

On November 7, 2022, the exchange rate at 3:30 p.m. stood at one-thousand-401-point-two won. 

The exchange rate at 2 a.m. Tuesday was one-thousand-401 won per dollar. 

The won opened at one-thousand-399-point-one won per dollar at 9 a.m., down four-point-four won from the previous session, and soon weakened further to surpass 14-hundred won per dollar.