Dollar-won exchange rate closes at 1,532.70won amid sharp drop in New York stocks
The dollar-won exchange rate 10in early-morning trading on 1,532.70closed at won. The regular-session closing price was 1,512.10won, making it won higher, as risk aversion triggered by the sharp drop in New York stocks was reflected in the exchange rate.20.60The dollar-won exchange rate
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The dollar-won exchange rate 10on the 2at 1,532.70closed at won. This was won lower than the previous Seoul foreign-exchange market closing price. Intraday volatility was high.2.30The dollar-won exchange rate
This session's regular-market (9 to 15 hours 30minute) closing price was 1,512.10won. Compared with the overnight trading closing price, the difference was won. Market participants' positions changed.20.60The dollar-won exchange rate
During the regular session, there were periods when the dollar-won's decline widened. Later, as the dollar strengthened in New York trading, it recovered most of its losses. The exchange-rate trend diverged between intraday and overnight trading.
New York stocks plunged, led by artificial intelligence (AI) and semiconductor-related shares. Sharp declines in overseas stock indexes heightened risk aversion. Risk aversion is understood to have spread to foreign exchange rates as well.
Exchange-rate movements affect the foreign-exchange exposure of importers and exporters. In particular, fluctuations in semiconductor and IT shares, together with exchange rates, affected the market as a whole. Investor order flows differed during the trading session and overnight.
Market participants are watching short-term volatility closely. Exchange-rate trends may shift again depending on additional releases of major foreign-exchange and stock indicators. For now, risk aversion linked to the New York market acted as a factor driving exchange rates higher.