Won-Dollar Exchange Rate Closes Higher...1090 Won Level After 6 Trading Days (Comprehensive)

Published 11 Dec.2020 15:56(KST)

On the 9th, the KOSPI opened at 2703.30, up 2.37 points (0.09%) from the previous trading day, as employees worked in the Hana Bank dealing room in Jung-gu, Seoul. In the foreign exchange market, the won-dollar exchange rate started at 1085.0 won, down 0.4 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Jang Sehee] On the 11th, the KRW-USD exchange rate closed higher.

In the Seoul foreign exchange market that day, the won-to-dollar exchange rate closed at 1,090.3 won per dollar, up 2.6 won from the previous day's closing price.

The exchange rate opened at 1,087.0 won per dollar, down 0.7 won from the previous day, but turned upward during the session.

Events such as additional U.S. fiscal policy and the U.S. Federal Reserve's Federal Open Market Committee (FOMC) contributed to the rise in the KRW-USD exchange rate.

The won showed a weak trend that day due to foreign stock investors' profit-taking demand and a speed adjustment in response to its previously unusually strong performance.

Meanwhile, as of 3:30 p.m., the KRW-JPY exchange rate was 1,048.01 won per 100 yen, up 6.55 won from the previous day's 3:30 p.m. reference price of 1,041.46 won.