On the 17th, Won-Dollar Exchange Rate Surpasses 1170 Won Intraday (Update)
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[Asia Economy Reporter Kim Eunbyeol] On the 17th, the KRW-USD exchange rate started lower compared to the previous trading day but soon rebounded, surpassing 1170 won during the session.
As of 9:17 AM that day, the KRW-USD exchange rate was trading at 1170.26 won, up 1.26 won from the previous trading day. The rate opened at 1166.0 won, down 3.0 won from the previous day, before showing a rebound.
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The rise in the exchange rate is attributed to growing concerns over a slowdown in the pace of economic recovery, coupled with increased financial market instability due to the Afghanistan situation, which has sustained demand for safe-haven assets.
This content was produced with the assistance of AI translation services.
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