Exchange Rate Starts Breaking Through 1,530 won... Surpasses 1,540 Won in Night Trading
2 Articles
2 Articles
The exchange rate started in the 1,530 won range for the first time in 17 years since the financial crisis due to escalating tensions in the Middle East and net selling of stocks by foreign investors, then continued its upward trajectory by surpassing 1,540 won in after-hours trading. The Bank of Korea and the government successively hinted at the possibility of intervention.
The won-dollar exchange rate closed at 1,529.7 won, up 13.3 won... Weaker than the Turkish Lira. Accumulation of bearish factors including a strong dollar, foreign selling pressure, and the interest rate differential between Korea and the US. On the 4th, the won-dollar exchange rate closed the weekly trading session at 1,529.7 won, up 13.3 won, as of 3:30 PM. On March 31, 1,530.1
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