Won-Dollar Exchange Rate Slightly Drops... Closes at 1338.9 Won

On the 22nd, the KOSPI index opened at 2489.57, up 16.83 points from the previous trading day, as dealers were working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1333.2 won, down 5.8 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@

On the 22nd, the won-dollar exchange rate closed at 1,338.9 won, down 0.1 won from the previous trading day in the Seoul foreign exchange market.

The won-dollar exchange rate started trading at 1,333.2 won, down 5.8 won from the previous trading day, rebounded during the session, and closed flat.

This is interpreted as a pause after a sharp rise of more than 25 won over the past week.

The strong risk appetite, as seen in the strong performance of the U.S. New York stock market, is cited as a factor for the exchange rate increase.

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