USD/KRW Exchange Rate Rises 1.9 Won to 1468.5 Won on Foreign Sell-Off

The USD/KRW exchange rate closed at 1468.5 won at 3:30 PM on the 27th, up 1.9 won from the previous close of 1466.6 won. Foreign investors sold 2.8856 trillion won of KOSPI stocks for the second consecutive day, driving dollar demand. The rate rebounded after falling from the mid-1500 won level to the mid-1400 won level earlier this month due to SK Hynix ADR listing and export settlements.

USD/KRX Exchange Rate Records Intraday Volatility

The USD/KRW exchange rate fell to 1457.0 won during the trading session on the 27th before rising back to the previous day's afternoon closing level. The rate reached an intraday high of 1468.6 won. Min Kyung-won, economist at Woori Bank, stated that while the exchange rate's decline has deepened, exporters are responding with a consistent low-price buying strategy rather than waiting for further declines. Import companies have shown stronger dollar buying sentiment as the rate declined.

Foreign Investors Sell 2.8856 Trillion Won of KOSPI Stocks

Foreign investors sold 2.8856 trillion won worth of KOSPI stocks on the 27th, marking the second consecutive trading day of net selling. The sell-off stimulated custody-related dollar purchases in the market.

US Halts Iran Airstrikes for Two Consecutive Days

The US did not conduct airstrikes on Iran for two consecutive days starting from the 24th, after conducting 13 consecutive days of airstrikes. Iran stated it would suspend military responses as long as the US maintains its cessation of attacks. No airstrike announcement was made on the third day (the 27th). Both sides held discussions mediated by Oman regarding ship passage through the Hormuz Strait. The Dollar Index fell 0.30% to 101.002.

FAQ

What was the USD/KRW exchange rate closing level on the 27th? The USD/KRW exchange rate closed at 1468.5 won at 3:30 PM on the 27th, up 1.9 won from the previous day's close of 1466.6 won.

How much did foreign investors sell in KOSPI stocks on the 27th? Foreign investors sold 2.8856 trillion won worth of KOSPI stocks on the 27th, marking the second consecutive day of net selling.

What caused the recent decline in the USD/KRW exchange rate earlier this month? The rate fell from the mid-1500 won level to the mid-1400 won level earlier this month due to currency exchange related to SK Hynix's US ADR listing and export settlement volumes.