The won-dollar exchange rate against the U.S. dollar opened at 1,525 won on the 10th. It rose 12.9 won from the previous transaction day.
On this day, the won-dollar exchange rate is expected to hover around 1,520 won. That is because tensions in the Middle East have flared again. If the war situation continues, demand for the safe asset, the dollar, could increase, pushing the won-dollar exchange rate higher.
The U.S. military reportedly began airstrikes against Iran on the 8th (local time). After a U.S. Army Apache helicopter patrolling the airspace over the Strait of Hormuz crashed under Iranian attack, retaliatory airstrikes were carried out. U.S. President Donald Trump said on social media (SNS), "The United States must, inevitably, respond to this attack."
Net selling of domestic stocks by foreign investors is also expected to have an impact. When foreigners sell domestic stocks and exchange them for dollars, increased demand for dollars becomes a factor pushing the won-dollar exchange rate higher.
Foreigners recorded net selling of more than 2 trillion won the previous day. As of the previous day, it was net selling for 22 consecutive transaction days. Cumulative net selling during this period is estimated to exceed 70 trillion won.