The won-dollar exchange rate stood at 1,430.5 won at 9 a.m. on the 5th. That was down 2 won (0.13%) from the prior transaction day's weekly closing price.
There is an outlook that the rate could reach the 1,420-won range today. The reason is news that an agreement by Iran and Oman to open the Strait of Hormuz is imminent. Marco Rubio, the U.S. secretary of state, said on the 4th (local time) that they are "discussing measures to allow more ships to pass safely in the short term."
On the same day, the Dow Jones Industrial Average rose 1.71% from the prior transaction day, hitting a record high. The Standard & Poor's (S&P) 500 rose 1.79%, the highest in two months. The Nasdaq climbed 2.59%. Brent crude futures, the international benchmark, fell 5.3% to $79.63 per barrel.