Won-Dollar Exchange Rate Closes at 1176.5 Won... Risk-Averse Sentiment Continues
[Asia Economy Reporter Jang Sehee] On the 1st, the won-dollar exchange rate closed higher. This is interpreted as risk-averse sentiment continuing due to concerns about rising inflation.
On that day, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,176.5 won per dollar, up 7.9 won from the previous trading day's closing price.
The exchange rate started at 1,173.5 won, up 4.9 won, rose to 1,178.9 won in the afternoon, showing a difference of 10.3 won from the previous trading day's closing price, then gradually declined slightly.
The dollar index, which reflects the value of the dollar against six major currencies, continued the strong dollar trend by rising to around 94.2 in the afternoon.
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Meanwhile, as of 3:30 PM, the won-yen recalculated exchange rate stood at 1,029.17 won per 100 yen, down 0.03 won from the previous trading day's 3:30 PM reference price of 1,029.20 won.
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