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Won-Dollar Exchange Rate Closes at 1,476 Won, Up 7.5 Won from Previous Trading Day

On April 22, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,476.0 won, up 7.5 won from the previous trading day.

US-Iran Talks Stalled... Won-Dollar Exchange Rate Opens Up 11.0 Won at 1,479.5 Won (Update)

US-Iran Talks Stalled... Won-Dollar Exchange Rate Opens Up 11.0 Won at 1,479.5 Won (Update)

The won-dollar exchange rate opened at 1,479.5 won on April 22, up 11 won from the previous session. This rebound, which came after three trading days, was triggered by growing risk aversion as negotiations between the United States and Iran faced difficulties. U.S. President Donald Trump announced on April 21 (local time), just one day before the expiration of a two-week ceasefire, that the ceasefire would be extended due to internal political turmoil in Iran. On his social networking service, Truth Social, President Trump stated, "I have received a request to suspend attacks on Iran until the Iranian leadership and negotiating team establish a unified proposal, given the Iranian government's expected severe divisions and at the request of Pakistan's Chief of Army Staff Asim Munir and Prime Minister Shehbaz Sharif." He added that he would maintain the ceasefire until Iran submits a responsible proposal and the negotiations are concluded. In contrast, Iran rejected President Trump's an

Won-Dollar Exchange Rate Opens at 1,479.5 Won, Up 11.0 Won

On April 22, the won-dollar exchange rate opened at 1,479.5 won in the Seoul foreign exchange market, up 11.0 won from the previous trading day.

New Governor Shin Hyun Song's Inaugural Message: "In Times of Great Transformation, the Bank of Korea Must Evolve... Seeking Answers Through Action"

New Governor Shin Hyun Song's Inaugural Message: "In Times of Great Transformation, the Bank of Korea Must Evolve... Seeking Answers Through Action"

"We are living through a period of great transformation, driven by geopolitical conflicts and a technological revolution in artificial intelligence (AI). I will seek answers through practical action and help write new theories." This was the first message from Hyun Song Shin, the newly appointed Governor of the Bank of Korea, upon taking office. At his inauguration ceremony held on April 21 at the Bank of Korea's annex in Jung-gu, Seoul, Governor Shin emphasized the need to "reconsider the role of central banks in this era of great transformation" and highlighted the importance of "seeking answers through practice, ahead of theory." On this occasion, he made clear his determination to enhance the effectiveness of monetary policy and strengthen the early warning system for financial stability. He also identified the internationalization of the won and expanding the Bank's role in structural reform as key priorities going forward. "Central banks must evolve too... Focus on international

Won-Dollar Exchange Rate Opens at 1,472.4 Won, Down 4.8 Won

On April 21, the won-dollar exchange rate opened at 1,472.4 won in the Seoul foreign exchange market, down 4.8 won from the previous trading day.

To See the Exchange Rate, You Must Read 'Capital Flows'... "Exchange Rate Rise = Crisis, That No Longer Applies" [Issue Interview]

To See the Exchange Rate, You Must Read 'Capital Flows'... "Exchange Rate Rise = Crisis, That No Longer Applies" [Issue Interview]

"Even if the won-dollar exchange rate rises sharply, concerns over a dollar shortage have not been observed in the past four to five years. While market fears linger due to past experiences, the mechanism has changed. Countries are now embarking on enormous investments for survival, with governments backing these efforts financially, so it is dangerous to assume that the exchange rate will simply keep rising." Heejin Kim, Head of the Solution & Trading (S&T) Center at Shinhan Bank, shared this assessment of the current foreign exchange market situation in an interview with The Asia Business Daily on April 17. Since 2023, Kim has been leading Shinhan Bank's dealing room, the S&T Center, overseeing foreign exchange (FX) and derivatives trading. He is a seasoned expert with extensive experience in both risk management and corporate FX business. A Higher Exchange Rate Does Not Mean a Liquidity Crisis... The Key Is the Speed of Fluctuation, Not the Level Kim noted that the sharp fluctuation

Won-Dollar Exchange Rate Closes at 1,477.2 Won, Down 6.3 Won

On April 20, the won-dollar exchange rate closed at 1,477.2 won in the Seoul foreign exchange market, down 6.3 won from the previous trading day.

Won-Dollar Exchange Rate Opens at 1,479.5 Won, Down 4 Won

On April 20, in the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,479.5 won as of 9:00 a.m., down 4.0 won from the previous trading day.

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