Won-dollar exchange rate closes in the 1,540 won range, for the first time in 17 years
Won-dollar exchange rate continues to strengthen as weekly closing price breaks above the 1,540 won range Driven by a strong dollar and foreign selling, check the exchange rate trend quickly
The wondollar exchange rate closed above the 1,540won range on a weekly closing basis for the first time since the 2009 global financial crisis.
On the 24th, in the Seoul foreign exchange market, the wondollar exchange rate ended trading at 1,541.8 won, up 2.7 won from the previous day. During the session, it rose as high as 1,542.9 won, continuing its upward trend.
The article explained that the stronger U.S. dollar and net foreign selling in the domestic stock market affected the rise in the exchange rate. The dollar index rose to 101.508, marking its highest level in 1 year and 1 month, and the government believes the exchange rate could stabilize if foreign selling subsides.