The won-dollar exchange rate opened at 1,513.4 won on the 30th. It rose 4.5 won from the previous trading day.
This is seen as due to the war between the United States and Iran showing little sign of ending. When geopolitical risks persist, the market's appetite for risk assets weakens. In that case, the won, which is not a key currency, tends to lose value.
Overnight, Iran showed its will to fight, saying it would burn everything if the United States deployed ground forces. According to local media, Mohammad Bagher Ghalibaf, a former member of the Islamic Revolutionary Guard Corps (IRGC) and the speaker of the Majlis (parliament), said in a statement on the 29th (local time), "Our soldiers are waiting for U.S. forces to arrive on the ground and intend to burn their lives."
Speaker Ghalibaf said, "Trump planned to topple the Islamic Republic, but reopening the strait that had been open before the war became his real goal." He added, "The energy market is out of control," and "from F-35 fighters to aircraft carriers, the power the United States flaunted has suffered a major blow."
Park Sang-hyun, a researcher at iM Securities, said, "As talks between the United States and Iran show little progress, the strong-dollar trend is expected to continue for the time being."