The won-dollar exchange rate rose on the back of a weak yen, breaking through 1,470 won intraday.
On the 12th in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,465.7 won, up 2.4 won from the previous session. The rate opened at 1,461.0 won, down 2.3 won from the prior session due to the impact of weak U.S. employment indicators, but turned higher in the morning and climbed to 1,470.0 won around noon. This is the highest level since Apr. 9 (1,487.6 won).
The day's rise is seen as a move linked to the weak yen. As of 2 p.m., the yen-dollar rate was 154.78 yen, a record high since Feb. 13 (154.65 yen). As dollar strength continued amid the end phase of the U.S. federal government shutdown (temporary suspension of operations), the yen moved weaker.
As of 3:30 p.m., the dollar index, which shows the value of the dollar against the currencies of six major countries, was 99.545, down 0.07% from the previous session. It rose to the 99.6 level during intraday trading.
In the domestic stock market, foreigners were net sellers of 428 billion won in the Korea Exchange, influencing the rise in the exchange rate.
As of 3:30 p.m., the won-yen cross rate was 947.59 won per 100 yen, down 1.12 won from the previous session.