SEOUL– South Korea’s foreign exchange authorities said Monday they are closely monitoring the foreign exchange market as the Korean currency has shown excessive volatility.
The finance ministry and the central bank said they will make efforts to prevent the won from excessively moving in a one-sided direction.
The Korean currency was trading at 1,285.50 won per the U.S. dollar as of 1:50 p.m., down 16.6 won from the previous session.
Source: Yonhap News Agency