On August 23, the exchange rate of KRWUSD hovered at its lowest value in 13 years. The Korea Foreign Exchange Administration issued a verbal warning against speculative trading yesterday.
South Korea’s foreign exchange authority sent a message saying, “With the strengthening of the dollar, the exchange rate of the won against the dollar has fallen, and we will thoroughly check whether overseas (markets) are speculative.” After the bureau issued a warning, the won recovered earlier against the dollar. Part of the lost ground at the time, now reported 1340.