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-point-seven won per dollar as of 9:05 a.m. Tuesday, six won more than the price at Seoul closing time.

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. 

The won’s closing price at 2 a.m. Tuesday was one-thousand-401 won per dollar. It was the first time the closing price exceeded 14-hundred won per dollar since November 7, 2022.