Kiwoom Securities predicted on the 2nd that the won-dollar exchange rate will start rising as the preference for safe assets is strengthened amid heightened geopolitical risks between Russia and Ukraine.
Kim Yu-mi, a researcher at Kiwoom Securities, said, “The one-month dollar-denominated dollar exchange rate for New York New York is expected to rise by 3 won to 1,206.31 won.
“The geopolitical risk between Russia and Ukraine has increased,” said Kim. .
“The euro has fallen once morest the dollar due to the expectation that energy and import prices will rise due to the Ukraine crisis, which will negatively affect the economy,” he added.
