The won–dollar exchange rate against the U.S. dollar opened at 1,530.9 won on the 22nd. It rose 3.9 won from the previous trading day.
Forecasts suggest the won–dollar exchange rate will move around 1,530 won that day. That is because U.S.–Iran cease-fire talks are facing a breakdown crisis. When war conditions persist, demand for the safe asset, the dollar, tends to increase, pushing the won–dollar exchange rate higher.
U.S. and Iranian negotiating teams met in Switzerland and began talks to implement a cease-fire memorandum of understanding (MOU). But the talks were thrown into a potential breakdown after the Iranian team pushed back against threats from U.S. President Donald Trump. On his social media (SNS), Trump said, "Iran must immediately stop Lebanon's well-funded proxy from causing trouble," adding, "If not, we will hit Iran very hard again." The Lebanese proxy Trump referred to appears to mean Hezbollah.
Whether foreign investors are net sellers of domestic stocks is also expected to affect the exchange rate. When foreigners sell domestic stocks and convert proceeds into dollars, dollar demand expands and the won–dollar exchange rate tends to rise.
Foreign investors have dumped more than 116 trillion won in stocks so far this year, but they were net buyers of more than 3 trillion won last week.