KRW/USD closes at KRW 1,435.2 amid wait-and-see impeachment

The won-dollar exchange rate closed at 1,435.20 won, up 3.3 won from the previous session's weekly trading close, as the won's selling advantage intensified due to vigilance ahead of the presidential impeachment vote.

The local currency rose 2.20 won against the U.S. dollar compared with its weekly closing price of 1,433 won, and once widened its gains to 1,436.8 won due to the weak Asian currency in European markets.

The yen's fall is also attributed to the expansion of the yen after Japanese media reported that the Bank of Japan is considering freezing interest rates at next week's financial policy-making meeting.

Foreign exchange experts said, "There are no special economic indicators and we are waiting for a vote on the impeachment bill," adding, "The transaction seems to have decreased amid vigilance."

The intra-day high of the won-dollar exchange rate was 1,436.8 won, the low price was 1,431.00 won, and the total spot exchange volume by night trading was $7.49 billion, including the Seoul foreign exchange brokerage and the Korean fund brokerage.