연합뉴스1 hour agoBusiness2 min readSouth Korea

The won/dollar exchange rate of 1,327.6 won is another annual low… The yuan exchange rate is also at its lowest in a year.

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On the 19th, the won/dollar exchange rate fell to 1,327.6 won during the day, breaking the annual low for two consecutive trading days.
The won/yuan exchange rate also fell to its lowest level in a year, and the foreign exchange authorities and the Minister of Finance and Economy evaluated the won's strength as a process of fundamental recovery.

AI-generated summary

Why It Matters

The won/dollar exchange rate has been weak since October 2024, but has recently rebounded and fallen to the lowest level in two years. This appears to be the result of a combination of factors such as easing global risk aversion, the weakening dollar, and the domestic stock market rebound.

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(Seoul = Yonhap News) Reporter Chae Sae-rom = On the 19th, the won/dollar exchange rate fell to 1,327.6 won during the day, hitting an annual low for two consecutive trading days.

The won/yuan exchange rate also fell to the 198 won range, hitting the lowest level in a year.

On this day in the Seoul foreign exchange market, the standard price of the Korean won to U.S. dollar exchange rate at 3:30 p.m. was 1,330.3 won, down 1.1 won from the standard price at the same time the previous trading day.

The won/dollar exchange rate started trading at 1,336.0 won on this day and rose to 1,337.6 won in the early hours of the day, but then quickly turned downward.

Afterwards, the decline increased and fell to 1,327.6 won at 2:49 p.m., then rose slightly again to move to the 1,330 won range.

The intraday low on this day broke the annual low following the previous 16th (1,328.9 won), and is the lowest in two years since October 2, 2024 (intraday low of 1,317.1 won).

On this day, the exchange rate started rising, reflecting global risk aversion, but seems to have fallen as dollar sales continued and the domestic stock market also succeeded in rebounding.

KOSPI opened at 5,488, down 3.2% on this day, but closed at 5,768, up 1.8% due to the influx of low-price buyers.

The foreign exchange authorities’ exchange rate-related evaluation also supported the strong won sentiment.

At a press conference held in Bangkok, Thailand on the 16th (local time), Deputy Prime Minister and Minister of Finance and Economy Lee Hyeong-il commented on the recent drop in the won/dollar exchange rate to around 1,330 won, saying, "Currently, (the exchange rate) is in the process of finding economic fundamentals."

As of 3:30 pm on this day, the dollar index was 101.879, up 0.105 from the previous trading day.

The won/yuan exchange rate fell to 198.78 won during the day, the lowest since October 2 last year (196.44 won).

The People's Bank of China announced the appreciation of the yuan on this day, but the won was stronger. On this morning, the standard exchange rate for dollar-yuan transactions was announced at 6.7208 yuan, down 0.0012 yuan (0.02%) from the previous day.

The won/yen arbitrage rate was 842.25 won per 100 yen, down 5.58 won from the previous trading day.

What to Watch

AI outlook — possibilities, not facts

There is a high possibility that the won/dollar exchange rate will fluctuate in the 1,330 won range in the short term.
Likely · Within days

Open Questions

What specific impact will the strong won have on exporting companies?
Are additional market stabilization measures expected from foreign exchange authorities?

The won/dollar exchange rate of 1,327.6 won is another annual low… The yuan exchange rate is also at its lowest in a year.

Quick Look

On the 19th, the won/dollar exchange rate fell to 1,327.6 won during the day, breaking the annual low for two consecutive trading days.
The won/yuan exchange rate also fell to its lowest level in a year, and the foreign exchange authorities and the Minister of Finance and Economy evaluated the won's strength as a process of fundamental recovery.