The won-dollar exchange rate closed at 1,468.1 won per U.S. dollar on the 5th. It fell 8.1 won from the previous day.
It is seen as the result of rising risk appetite amid spreading expectations that the conflict between the United States and Israel and Iran will end. On the 4th (local time), the New York Times (NYT) reported, citing anonymous Middle Eastern and Western officials, that Iran's intelligence authorities are contacting the Central Intelligence Agency (CIA) to discuss terms to end the conflict.
On the 2nd, the Wall Street Journal (WSJ) also reported that Ali Larijani, secretary-general of the Supreme National Security Council, which holds overarching authority over military and security matters, is attempting negotiations with the United States through Oman's mediation.
On the news, U.S. stocks rose overnight. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 48,739.41, up 238.14 points, or 0.49%, from the previous session.
The Standard & Poor's (S&P) 500 index rose 52.87 points, or 0.78%, to 6,869.50, and the tech-heavy Nasdaq climbed 290.793 points, or 1.29%, to 22,807.484, with both ending the session.
Park Sang-hyeon, an analyst at iM Securities, said, "The global financial market is regaining stability, but the next week will be an important watershed for volatility," adding, "Whether U.S. President Donald Trump can find an exit from the Iran situation will be key."