The dollar-won exchange rate surged above 1,460 won in February, with Seoul FX market participants eyeing potential overshooting and a possible easing of dollar liquidity as exporters begin to sell previously hoarded dollars; external risks such as US-Iran talks and Japan's snap election may fuel further volatility.
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Seoul FX Market Weighs Overshooting Risks—Dollar Hoarding Eases, Liquidity Expected to Improve
The dollar-won exchange rate surged above 1,460 won in February, with Seoul FX market participants eyeing potential overshooting and a possible easing of dollar liquidity as exporters begin to sell previously hoarded dollars; external risks such as US-Iran talks and Japan's snap election may fuel further volatility.