Won/dollar exchange rate closes flat despite deepening yen weakness

On the 26th, the won/dollar exchange rate closed in a flat range despite the deepening weakness of the yen.

On this day, the won-to-US dollar exchange rate in the Seoul foreign exchange market closed at 1,375.3 won, up 0.3 won from the previous day.

On this day, the won/dollar exchange rate opened at 1,373.50 won, down 1.50 won, and fluctuated in the flat range before rising to 1,378.8 won in conjunction with the weakening yen after the Bank of Japan (BOJ) froze interest rates.

The Bank of Japan froze the current base interest rate at its financial policy decision meeting on this day.

After this announcement, the yen weakened further and the yen/dollar exchange rate exceeded 156 yen per dollar, hitting the lowest level in 34 years.

Despite the weak yen, the KOSPI rose 1.05% on this day, and foreign investors also made net purchases of 472.4 billion won in the KOSPI, limiting the rise in the won/dollar exchange rate.

At the same time, the won/yen financial exchange rate is 881.80 won per 100 yen. It was 2.04 won lower than the standard price (883.84 won) at 3:30 pm the previous day.

Hello Tea reporter Kim Jin-hee |