(Seoul = Yonhap News) Reporter Kim Seung-doo = Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki presides over the 58th Emergency Economy Central Countermeasures Headquarters Meeting held at the government complex in Seoul on the morning of the 28th. 2022.4.28 kimsdoo@yna.co.kr
(Sejong = Yonhap News) Reporter Lee Bo-bae = Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki said on the 28th, “We are closely monitoring the situation in the foreign exchange market to prevent a sudden market concentration, and if necessary, we will make efforts to stabilize the market.”
Deputy Prime Minister Hong said this about the recent foreign exchange market at a meeting of the Central Emergency Economy Countermeasures Headquarters held at the government complex in Seoul on the same day.
Deputy Prime Minister Hong said, “The won/dollar exchange rate has risen rapidly this week. This is due to external factors, such as the possibility of the US Federal Reserve (Fed) tightening the pace of tightening and concerns about an economic slowdown due to China’s lockdown measures. All other major currencies were also weakening.”
The won/dollar exchange rate, which shows a steep upward trend as the preference for the dollar is strong, surged close to 15 won the day before and closed at 1,265.2 won.
Based on the closing price, this is the highest level in two years and one month since March 23, 2020 (1,266.5 won), when the financial market was shocked by the spread of Corona 19.
bobae@yna.co.kr
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