Dollar Weakness... Closing at 1,186.8 Won
[Asia Economy Reporter Jang Sehee] The won-dollar exchange rate fell for the second consecutive day on the 14th due to the rise in the KOSPI and the weakening of the dollar.
On that day, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,186.8 won per dollar, down 7.0 won from the previous day's closing price.
The exchange rate started at 1,885.5 won, down 5.3 won, rose to 1,190.80 won in the early session, but reversed the gains in the afternoon.
After closing at 1,198.8 won on the 12th, marking a new yearly high, the exchange rate dropped 12.9 won over two days, increasing the decline.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- While Samsung Falters, China Rises: "Chinese DRAM" Turns a Profit in Just One Year
- Man in His 50s Arrested for Confining Girlfriend in Car After She Announced Breakup
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
Meanwhile, as of 3:30 p.m., the won-yen recalculated exchange rate stood at 1,045.50 won per 100 yen. It fell 6.35 won from the previous day's 3:30 p.m. reference price of 1,051.85 won.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
