April 18, 2024
Economy
Currency market volatility surges in July
[THE INVESTOR] Volatility in South Korea’s currency markets rose in July from a month earlier, the central bank said on Aug. 9.
The session-over-session changes in the dollar-won exchange rates averaged 0.42 percent in July, compared with 0.28 percent a month earlier, the Bank of Korea said in a statement.
“The won has fallen slightly against the dollar since July due to geopolitical risks” stemming from North Korea’s missile and nuclear programs, the statement said.
Meanwhile, the Korean won posted 5.20 won in daily value changes against the US dollar in July, up from 4.50 won a month earlier, it said.
The won finished at 1,125 against the greenback on Aug. 4, compared with 1,119 won at the end of July, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The session-over-session changes in the dollar-won exchange rates averaged 0.42 percent in July, compared with 0.28 percent a month earlier, the Bank of Korea said in a statement.
“The won has fallen slightly against the dollar since July due to geopolitical risks” stemming from North Korea’s missile and nuclear programs, the statement said.
Meanwhile, the Korean won posted 5.20 won in daily value changes against the US dollar in July, up from 4.50 won a month earlier, it said.
The won finished at 1,125 against the greenback on Aug. 4, compared with 1,119 won at the end of July, the BOK said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
