On the 25th, the won-dollar exchange rate closed slightly lower... maintaining the early 1170 won range
[Asia Economy Reporter Kim Eun-byeol] The won-dollar exchange rate closed slightly lower (won value slightly stronger) on the 25th. In the Seoul foreign exchange market that day, the won-dollar exchange rate ended at 1,172.3 won per dollar, down 0.4 won from the previous day's closing price.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The exchange rate started at 1,169.5 won per dollar, down 3.2 won, then gradually reduced its decline before briefly turning upward near the end of the session. Risk aversion toward emerging market currencies and other risky assets eased somewhat, and with the dollar's strength taking a breather, the exchange rate faced downward pressure.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.