The average exchange rate in the second quarter is likely to exceed 1,500 won... for the first time since 1998.
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An employee is sorting out dollar bills at the counterfeit and forgery response center of Hana Bank in Jung-gu, Seoul last February.
An employee is sorting out dollar bills at the counterfeit and forgery response center of Hana Bank in Jung-gu, Seoul last February. Reporter Seong Dong-hoon The average won-dollar exchange rate in the second quarter of this year (April to June) is expected to exceed 1,500 won for the first time since the foreign exchange crisis. The trend of foreign investors selling domestic stocks, which is considered the main cause of the exchange rate rise, continues, and as the U.S. base interest rate hike is gaining weight, the high exchange rate in the 1,500 won range will continue for the time being...
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