Business · Markets · 1 day ago
Won-dollar exchange rate falls to around 1,340 won
The won strengthened against the US dollar, and the exchange rate fell to around 1,340 won on Oct.
8.
At the end of June, it stood at 1,549.4 won per dollar.
By Sept.
30, it had fallen to 1,352.8 won, a drop of about 12.7%.
Since then, it has moved up and down around the mid-1,300-won range.
The exchange rate has been volatile, and institutions do not all share the same outlook.
A stronger or weaker won can affect industries differently, so analysts recommend spreading investments rather than making a single directional bet.
They say investors should monitor how industries respond under different exchange-rate scenarios.
The won-dollar exchange rate fell to around 1,340 won on October 8.
The rate had declined from 1,549.4 won at the end of June to 1,352.8 won on September 30.
That drop was about 12.68%, and the rate has since fluctuated in the mid-1,300-won range.
The article says high volatility and differing forecasts make scenario-based monitoring and diversification preferable to one-way bets.
- Who
- Not stated
- What
- The won-dollar exchange rate fell to around 1,340 won.
- When
- October 8; the year is not stated in the article text.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The won-dollar rate was 1,549.4 won.
The rate was 1,352.8 won.
The rate fell to around 1,340 won.
The rate fluctuated in the mid-1,300-won range.
- Rate on October 8
- Around 1,340 won
- Rate at end of June
- 1,549.4 won
- Rate on September 30
- 1,352.8 won
- Decline from end of June to September 30
- About 12.68%
Sources
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