The exchange rate drops by over 20 won, back to the 1330 won range in five months.

Expectation of Fed rate cut impact, ‘The won-dollar exchange rate fell by more than 20 won (value of the Korean won rose) as expectations of a rate cut by the United States became more evident, dropping to the 1330 won level for the first time in about 5 months since March.’,
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, ‘On the 19th, in the Seoul foreign exchange market (as of 3:30 p.m.), the won-dollar exchange rate traded at 1334 won, down 23.60 won per dollar compared to the previous trading day. It fell by 36.40 won from 1370.40 won on the 13th.’,
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, ‘The exchange rate started trading at 1350.90 won, down 7.70 won, and extended its decline. It dropped to 1329.80 won around 3 p.m. before rebounding slightly as last-minute dollar buying entered. The exchange rate on this day was the lowest in about 5 months since March 21st (1322.40 won) and the first time in the 1330 won level since March 26th (1339.50 won).’,
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, ‘The significant drop in the exchange rate is due to the spreading expectations of a rate cut by the Federal Reserve as the U.S. producer and consumer price indices weakened while consumer sentiment rebounded after 5 months, leading to a simultaneous weakening of the global dollar and increased risk appetite. In contrast, in South Korea, as expectations for a rate cut due to a surge in real estate prices decreased, the possibility of currency policy differentiation has increased.’,
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