Won-dollar exchange rate 1200 won ‘weak’

The won depreciated for four days in a row, threatening the 1200 won per dollar level. It is believed that this was affected by the deterioration of the trade balance and concerns about a decrease in dollar liquidity. In the Seoul foreign exchange market on the 5th, the won-dollar exchange rate closed at 1196.9 won, up 2.8 won (the won’s depreciation). This is the highest level since October 12 last year (1198.8 won). On that day, the exchange rate rose to 1199.7 won during the day and barred to 1,200 won.

Reference-www.hani.co.kr

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *