Won/dollar exchange rate 1,500.3won close, 0.5won lower

The won/dollar exchange rate 18on 1,500.30closed at won in Seoul's foreign exchange market. This was 0.5won lower than the previous trading day's closing level. The day's closing rate is based on 3 p.m. 30.

The won/dollar exchange rate is the won price of a dollar. 1The amount of won needed to buy the same dollar falls when the exchange rate declines. The day's closing rate was 1,500slightly above the won level.

Foreign investors net sold 85,000contracts in the dollar futures market. Net selling means that the number of contracts sold exceeded the number bought. Dollar futures are transactions in which parties agree to buy or sell dollars at a predetermined price in the future.

In the foreign-exchange market that day, the won-dollar exchange rate closed slightly lower. The closing change was 0.5won.1,500.30The exchange rate stood at won at the market close.

For domestic investors, the won-dollar exchange rate is directly linked to the amount they invest in overseas stocks and the cost of currency conversion. To buy U.S. stocks, they need to exchange won for dollars. When the exchange rate is in that won range, 1,500the same stock costs more in won.

The impact of exchange rates differs by company, depending on the proportion of its revenue and costs denominated in dollars. Exporters are affected by the exchange rate when they convert dollar revenue into won. Airlines and companies that import raw materials are sensitive to changes in dollar-denominated costs.