On the 26th, the Won-Dollar Exchange Rate Closed at 1106.5 Won, Up 5.8 Won
[Asia Economy Reporter Kim Eunbyeol] On the 26th, the KRW-USD exchange rate closed nearly 6 won higher.
On that day, in the Seoul foreign exchange market, the KRW-USD exchange rate closed at 1,106.5 won per dollar, up 5.8 won from the previous day's closing price.
The exchange rate started at 1,102.5 won, up 1.8 won, and showed a sluggish trend in a slightly firm range in the early session, then gradually increased its rise from around noon until the market closed. This appears to be due to a general weakening of risk asset preference sentiment, such as emerging market currencies.
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On the same day, the KOSPI fell by 2.14%. Foreign investors net sold about 1.9 trillion won in the KOSPI market. The stock price fell as foreign investors showed a selling trend, and the exchange rate came under upward pressure.
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