Won-Dollar Rate Tops 1,500 Intraday Again After About a Month

The won-dollar exchange rate rose above 1,500 during intraday trading. hankyung.com reported that the rate crossed the 1,500 mark intraday for the first time in about a month. The news draws attention from foreign-exchange market participants because the won-dollar rate has re-entered the 1,500 range. The original report did not provide additional figures such as the closing rate, the size of the move, or the exact trading time. The fact that the rate traded above 1,500 is a key variable for checking won-denominated values of dollar assets and overseas ETFs. Source: cited from hankyung.com.