Dollar-won 1,500fluctuating in the won range, Seoul session 1,501.40close

The dollar-won exchange rate 7month 10day in New York, it traded at levels above the won mark. This indicator is a market variable directly linked to exports and foreign-exchange positions.1,500.

In New York, as of 9hour25minute, the dollar-won was down by 1.1won from the previous session to 1,505.00won. The regular-session closing price was recorded at 1,501.40won.

In the Seoul foreign-exchange market, as of 3hour30minute, the dollar-won was trading at 1,501.40won. This was 1,506.10won lower than the previous day’s Seoul session at 4.70won.

At around 6the New York market close on 1,509.50won, compared with 8.10won, it was down by 1,506.70won. Early in the session that day, dollar-won opened at 1,513.50won and even rose to as high as

Mun Ji-seong, director-general for international economic affairs at the Ministry of Finance and Economy, said, "The current exchange rate is still at a level that is detached from fundamentals," adding, "Supply and demand in the second half will gradually change to reflect fundamentals."

In the market, news of Hanwha Ocean's selling of futures forwards and exporters' selling of forwards was reported as a factor supporting won strength. In the foreign exchange market that day, these factors came together and downward pressure was said to have intensified.

The closing value based on the regular session was tallied at 1,501.40won. Afterward, market attention continued to focus on the New York session trend and the remarks from the Ministry of Finance and Economy.