Won-dollar exchange rate closes at 1082.1 won on the first business day of the new year

Input 2021.01.04 16:35

Won-dollar exchange rate, 4.2 won down… Same as last year’s bottom
It’s close to 1080 won during the week… The atmosphere of risk preference continues

The won-dollar exchange rate ended at 1082.1 won on the 4th, the first business day of the new year. This is the same level as last year’s low, recorded a month ago, and fell to a level close to 1080 won during the intraday.

According to the Seoul Foreign Exchange Market on that day, the won-dollar exchange rate ended at 1082.1 won, down 4.2 won from the previous trading day. This is the same level as on December 4th and 7th (1082.1 won), which recorded a soft bottom last year. The exchange rate, which started at 1087.5 won, which rose 1.2 won on the day, reversed the intraday decline and fell to 1080.3 won at 12:50 pm.

As for the exchange rate, at the end of last year, the risk preference atmosphere continued, and the weak dollar continued. In particular, it is diagnosed that the won-dollar exchange rate has been harmonized as the trend of accepting the strength of the renminbi continues on this day. Until last year, if the dollar-yuan exchange rate (CNH) was less than 6.5 yuan in the offshore market, there was intervention from the Chinese authorities, but that day did not appear.

The atmosphere of risk preference continued in the domestic stock market as well. The KOSPI closed at 2944.45, up 70.98 points (2.47%) from the previous trading day, crossing the 2900 line. Individuals net bought 1.28.6 billion won, and foreigners also bought 89.2 billion won. On the other hand, the institution sold 1,185 trillion won worth of net sales.

Baek Seok-hyun, a researcher at Shinhan Bank, said, “On this day, the size of foreign stock purchases was not at a level that would affect the exchange rate.”