Won-Dollar Exchange Rate Slightly Weak in Early Trading... Fluctuates Around 1187 Won
[Asia Economy Reporter Jang Sehee] On the morning of the 6th, the KRW-USD exchange rate remained in a slightly weak range.
In the Seoul foreign exchange market, as of 9:25 a.m. on the same day, the KRW-USD exchange rate was 1.2 KRW lower than the previous day at 1187.5 KRW.
The exchange rate started 2.3 KRW lower than the previous day and has been fluctuating slightly around 1187 KRW in the early trading session.
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Oh Changseop, a researcher at Hyundai Motor Securities, said in a conversation with Asia Economy, "The supply and demand factors in the foreign exchange market acted as factors for the dollar's strength and the rise in the KRW-USD exchange rate, but this aspect seems to have somewhat eased."
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