The exchange rate is over 1,460 won...Highest since the financial crisis

The won-dollar exchange rate topped 1,460 won, the highest since the financial crisis.

On the Seoul foreign exchange market today (26th), the won-dollar exchange rate was trading at 1,464.8 won, up 8.4 won from the previous trading day as of 3:30 p.m.

It is the first time that the exchange rate has exceeded 1,460 won since March 13, 2009, when the global financial crisis erupted, 1,483.5 won.

The outlook for the number of key rate cuts in the U.S. next year has been reduced from four to two, and the Trump administration, which is about to be launched, has promoted U.S. priority, which has encouraged the dollar to strengthen.

On top of that, it is analyzed that the political and economic uncertainty has increased as the impeachment continues due to the aftermath of martial law, which is also driving down the value of the won.

With the exchange rate soaring like this, investment sentiment is also freezing.

KOSPI closed at 2,429.67, down 0.44% from the previous trading day,
The
KOSDAQ also closed 0.66% lower at 675.64.