Bank of Korea governor says won unlikely to return to past levels, Yonhap reports

3 weeks ago

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2024.12.10 01:25

SEOUL (Reuters) – South Korea’s central bank governor said it was difficult for the dollar-won exchange rate to return to levels seen in the past, the Yonhap news agency reported on Tuesday.

© Reuters. FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo

It is difficult to say the dollar-won rate has stabilised and the market is in a wait-and-see mood, Bank of Korea Governor Rhee Chang-yong said in a meeting with lawmakers, according to the report.

The won was quoted at 1,427.8 per dollar as of 0520 GMT, compared with its previous close at 1,435.0 and a two-year low of 1,442.0 hit last week amid political turmoil.

3 weeks ago

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