On the 20th, the Won-Dollar Exchange Rate Slightly Weakens... Early Trading Around 1174 Won
[Asia Economy Reporter Eunbyeol Kim] On the 20th, the KRW-USD exchange rate is moving slightly lower in the early trading session.
At the Seoul foreign exchange market, as of 9:11 AM, the KRW-USD exchange rate is trading at 1,174.5 KRW per dollar, down 1.7 KRW from the previous day's closing price. The rate opened at 1,176.5 KRW, up 0.3 KRW from the previous day, but soon turned downward.
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Following concerns over the U.S. Federal Reserve's tapering (reduction of asset purchases), which caused the exchange rate to surge by 8.2 KRW the previous day, the rate appears to be taking a breather today.
This content was produced with the assistance of AI translation services.
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