(Seoul = Yonhap News) Reporter Ahn Jung-won = Employees are working at Hana Bank’s dealing room in Jung-gu, Seoul on the 8th, when the KOSPI index started at 2,617.33, down 33.98 points (1.28%) from the previous day.
The won/dollar exchange rate has crossed the 1230 won range for the first time in 1 year and 9 months. 2022.3.8 jeong@yna.co.kr
(Seoul = Yonhap News) Reporter Lee Ji-heon = The won/dollar exchange rate started rising on the 8th and crossed the 1,230 won level per dollar during the day.
As of 9:02 am in the Seoul foreign exchange market, the exchange rate of the won once morest the dollar was 1,232.3 won, up 5.2 won from the closing price of the previous trading day.
The exchange rate started at 1,232.0 won, up 4.9 won, and has maintained an upward trend at the beginning of the opening.
It is the first time in one year and nine months since the end of May 2020, right following the COVID-19 crisis, that the won/dollar exchange rate showed 1,230 won during the day.
The dollar has outperformed major currencies due to concerns regarding stagflation (inflation amid a slowdown in the economy) caused by a surge in energy and raw material prices following Russia’s invasion of Ukraine.
pan@yna.co.kr
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