Won-Dollar Exchange Rate Rises After 6 Trading Days... Closes at 1085.4 Won (Comprehensive)

On the 8th, the KOSPI opened at 2,745.13, down 0.31 points (0.01%) from the previous trading day, as employees worked in the dealing room of the Foreign Exchange Bank in Jung-gu, Seoul. The KOSDAQ opened at 927.69, up 0.81 points (0.09%) from the previous trading day. The won-dollar exchange rate started at 1,084.0 won, up 1.9 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy, Jang Sehee] The won-dollar exchange rate, which had been declining, rose for the first time in six trading days.

On the 8th, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,085.4 won per dollar, up 3.3 won from the previous day's closing price.

The exchange rate started at 1,084.0 won, up 1.9 won, and moved within a slightly firm range during the session before gradually increasing its gains toward the close.

The dollar's weakness somewhat eased, and with the spread of the novel coronavirus (COVID-19) causing a 'red light' again for economic recovery, risk asset preference sentiment appears to have weakened.

Meanwhile, the KOSPI closed down sharply by 1.62% that day. Foreign investors sold more than 800 billion won worth of stocks in the KOSPI market.

The won-yen recalculated exchange rate was 1,043.20 won per 100 yen as of 3:30 p.m. This is an increase of 3.97 won from the previous day's 3:30 p.m. rate of 1,039.23 won.