The South Korean won rebounded back to pre-martial law levels Wednesday, with the Seoul 3:30 p.m. closing spot rate standing at one-thousand-398 won against the U.S. dollar.

The local currency strengthened seven-point-three won from the previous trading on Friday of last week, after a four-day holiday weekend that included Children’s Day and Buddha’s Birthday. 

Trading began at one-thousand-380 won against the greenback Wednesday morning.

Wednesday saw the won-dollar rate's strongest opening since November 6 of last year, when it started trading at one-thousand-370 won per dollar. 

The last time the won stood in the one-thousand-300 range against the U.S. dollar was December 2, the day before the martial law incident.