President Lee Jae-myung said South Korea’s dollar-won exchange rate, recently nearing 1,500, is expected to fall to around 1,400 within one or two months, citing government forecasts and ongoing efforts to stabilize the currency amid robust exports and a continued trade surplus.
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President Lee Predicts Dollar-Won Exchange Rate to Fall to Around 1,400 Within One or Two Months
President Lee Jae-myung said South Korea’s dollar-won exchange rate, recently nearing 1,500, is expected to fall to around 1,400 within one or two months, citing government forecasts and ongoing efforts to stabilize the currency amid robust exports and a continued trade surplus.
Bank of Korea Says Additional Measures Underway to Stabilize Currency
Bank of Korea signals further steps are being prepared to stabilize the won, underscoring ongoing efforts to address currency volatility in South Korea's financial markets.
Yuan Reference Rate Set 0.06% Stronger at 7.0754 per Dollar
The People's Bank of China set the yuan's reference rate 0.06% stronger at 7.0754 per dollar, signaling continued efforts to stabilize the currency amid global market volatility.
South Korea’s FX authorities have sparked debate by pushing for National Pension Service management reform as a currency stabilization tool, while the NPS and Health Ministry remain silent amid heightened market volatility.
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[From the Field]Is It Normal for FX Authorities to Lead National Pension Fund Management Reform?
South Korea’s FX authorities have sparked debate by pushing for National Pension Service management reform as a currency stabilization tool, while the NPS and Health Ministry remain silent amid heightened market volatility.
South Korea's finance minister Gu Yoon-cheol said the US Treasury has not raised objections to the National Pension Service's role in a new FX stability consultative body, noting that NPS investments are not aimed at weakening the won.
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Gu Yoon-cheol Says US Treasury Has No Particular Objection to Cooperation with National Pension Service
South Korea's finance minister Gu Yoon-cheol said the US Treasury has not raised objections to the National Pension Service's role in a new FX stability consultative body, noting that NPS investments are not aimed at weakening the won.
Growing Caution in Seoul FX Market as National Pension Fund Signals Subtle Shifts
South Korea's National Pension Service is signaling a shift in FX strategy, prompting heightened vigilance in Seoul's currency market as authorities coordinate stabilization efforts amid US scrutiny concerns.
Dollar-Won Reverses Sharply Lower on Authorities' Comments About Currency Stabilization Measures—Down 6.10 Won
South Korea's won surged as authorities signaled new currency stabilization measures, sending the dollar-won rate sharply lower by 6.10 won.
Gu Yoon-cheol Says Government to Work Closely with National Pension Service and Exporters on Measures to Stabilize Currency Markets
South Korea signals coordinated action with the National Pension Service and exporters to stabilize foreign exchange markets amid ongoing currency volatility.
Yuan Reference Rate Set 0.02% Stronger at 7.0843 per Dollar
The People's Bank of China set the yuan reference rate 0.02% stronger at 7.0843 per dollar, signaling efforts to stabilize the currency amid global market volatility.
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