The won-dollar exchange rate against the U.S. dollar was 1,498 won as of 9 a.m. on the 14th. That was down 5.4 won (0.35%) from the prior transaction day's weekly closing. The rate opened at 1,497.5 won at 6 a.m. that day.
There is an outlook that the rate will hover around 1,500 won that day. The reason is the military clash between the United States and Iran. When geopolitical risk rises, the tendency to prefer safe assets strengthens. U.S. President Donald Trump said the United States would impose a 20% transit fee on cargo passing through the Strait of Hormuz.
However, there is hope that SK hynix's American depositary receipt (ADR) listing on Nasdaq could push the rate down. SK hynix raised $26.5 billion through the listing. If the money is converted into won for use in domestic investment, it would have the effect of supplying dollars to the Seoul foreign exchange market.