On the 27th, the Won-Dollar Exchange Rate Closed at 1196.1 Won, Down 5.4 Won

[Asia Economy Reporter Eunbyeol Kim] On the 27th, the KRW-USD exchange rate closed lower compared to the previous trading day in the Seoul foreign exchange market.

On this day, the KRW-USD exchange rate closed at 1,196.1 won per dollar, down 5.4 won from the closing price on the 24th. The dollar's weakness trend that began last week continued.

The euro showed strength and the dollar weakness trend persisted as the European Union (EU) agreed to disburse a 750 billion euro economic recovery fund.

With accelerated development of COVID-19 vaccines in Russia and Singapore, investment sentiment, which had been subdued, also somewhat eased. Foreigners' net buying in the domestic stock market on this day also increased demand for the won.