Surge Calms, Won-Dollar Exchange Rate Drops 7.5 Won to 1331.4 Won

On the 22nd, the KOSPI index opened at 2,489.57, up 16.83 points from the previous trading day, as dealers were working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1,333.2 won, down 5.8 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@

On the 22nd, the won-dollar exchange rate in the Seoul foreign exchange market started trading at 1,333.2 won, down 5.8 won from the previous trading day, and as of 10:04 AM, it is trading at 1,331.4 won.

This is interpreted as a pause after a sharp rise of more than 25 won over the past week.

The strengthening of risk appetite, as seen in the strong performance of the U.S. New York stock market, is also cited as a factor for the decline in the won-dollar exchange rate.

On the 19th, the New York stock market rose more than 1%, supported by gains in technology stocks.