Won/dollar exchange rate, 40days later, 1,400briefly returned to the won range before 1,500won range
8The won's value per dollar 40days later 1,400fell to the won range, but gave up its gains that same day as remarks by Trump and renewed concerns over the Middle East war pushed it higher, 1,500rose back to the won range. Expectations for SK Hynix's U.S. depositary receipt (ADR) listing and cooperation between the Korean and Japanese foreign exchange authorities drove the won's strength in the morning.
8The won's value per dollar 40days later 1,400fell to the won range. The won strengthened as SK Hynix's plan to list U.S. depositary receipts (ADRs) coincided with expectations for cooperation between the Korean and Japanese foreign exchange authorities.
The mood changed in the afternoon. The won gave up some of its gains as remarks by Trump and risks from the war in the Middle East resurfaced.
The market's volatility increased. That same day, the won rose again to the 1,500won range.
Alongside foreign-exchange flows, supply-and-demand factors were also monitored. Expectations of cooperation between the South Korean and Japanese foreign-exchange authorities helped stabilize end-user supply and demand during the morning.
Meanwhile, exchange rates fluctuated sharply over short periods depending on indicators and news. Investors experienced a market in which strength and weakness rapidly alternated over the course of the day.
In the South Korean stock market, news of an ADR listing drew attention to individual companies. SK hynix announced its listing plan in a separate disclosure that day.
Geopolitical uncertainty related to the Middle East and remarks from the United States were reconfirmed as factors that shook the direction of exchange rates. Responses from the authorities and the private sector were reflected in the market in real time.
Bid quotes and execution speeds changed sharply in exchange and securities-firm order books. It was a day that highlighted systematic risk management in response to intraday volatility.
Sources: 매일경제 경제
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