Won-Dollar Exchange Rate Faces Higher Risk After May 14 Amid Capital Flow Shift

Since April, the phase of the Middle East war has changed, and domestic capital flows have also shifted, heightening caution around the won-dollar exchange rate. The rate once surged to 1,536.9 won at the end of March, but as conditions changed, it fell to a low of 1,439.6 won on May 6. However, contrary to expectations that the issue would be resolved once the war ended, concerns have been raised that exchange-rate risks could become greater after May 14. With both Middle East developments and domestic capital movements affecting the currency, close attention to the won’s future path is needed. Source: mk.co.kr