top of page
Search

Korean Won Closes at 1,469 on the 5th, Nearing Psychological Barrier

  • Writer: ONLINE-KOREA
    ONLINE-KOREA
  • 5 days ago
  • 2 min read

On the 5th, the Korean Won (KRW) closed at 1,469 against the US Dollar, marking an 18.8-won increase from the previous day.


korea won 1

Experts attribute this trend to the strengthening of the dollar driven by expectations of a "hawkish" US monetary policy, combined with the continued weakness of the Japanese Yen due to Japan’s maintained accommodative monetary stance.


Domestically, the rising exchange rate is fueling concerns over increased import prices and capital outflows, prompting heightened vigilance from authorities. While the foreign exchange authorities have been attempting to stabilize the market through verbal interventions and stability measures whenever the won't decline accelerates, market participants observe that the intensity of intervention could increase if the KRW/USD rate approaches the 1,470 mark.



[ONLINE-KOREA：A Letter from Korea]


The exchange rate is more than just a figure; it reflects the "Real-time Dynamics" of the Korean market at this very moment.The exchange rate is more than just a figure; it reflects the "Real-time Dynamics" of the Korean market at this very moment.


korea won

While 1,469 might appear as a temporary cost advantage for our global partners, the reality includes "Policy-driven Volatility" stemming from artificial market interventions. In response, private-level initiatives to restore transparency and uphold free-market principles are becoming more active than ever.While 1,469 might appear as a temporary cost advantage for our global partners, the reality includes "Policy-driven Volatility" stemming from artificial market interventions. In response, private-level initiatives to restore transparency and uphold free-market principles are becoming more active than ever.


At ONLINE-KOREA, we promise to deliver the unvarnished facts from the ground, unfiltered by one-sided narratives. No matter how the market fluctuates, we are dedicated to being your most sincere information partner, providing the clarity you need for "Objective Judgment."


We stand firm in our belief in a stable business future built on transparent market princip



Korea Shopping & Business Support

Powered by ONLINE-KOREA




Comments

bottom of page