May 02, 2024
Economy
Dollar-won exchange volatility down in April
[THE INVESTOR] The US dollar-won volatility eased in April from a month earlier, central bank data showed on May 15.
The session-over-session changes in the dollar-won exchange rates averaged 0.43 percent last month, compared to 0.47 in March, the Bank of Korea said in a statement.
“The won fell against the dollar in April due to geopolitical risks and remittances of dividends by foreign investors,” the statement said.
Meanwhile, the Korean currency posted 7.4 won in daily value changes against the dollar in April, up from 6.1 won a month earlier, it said.
The won finished at 1,137.9 against the greenback at the end of April, compared to 1,118.4 a month earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The session-over-session changes in the dollar-won exchange rates averaged 0.43 percent last month, compared to 0.47 in March, the Bank of Korea said in a statement.
“The won fell against the dollar in April due to geopolitical risks and remittances of dividends by foreign investors,” the statement said.
Meanwhile, the Korean currency posted 7.4 won in daily value changes against the dollar in April, up from 6.1 won a month earlier, it said.
The won finished at 1,137.9 against the greenback at the end of April, compared to 1,118.4 a month earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
