The won-dollar exchange rate dropped to the 1,410-won range during trading today (August 6).
This marks the lowest level in approximately 10 months since October of last year, when it recorded the 1,399-won range.
The decline in the exchange rate is analyzed to have been driven by lower global oil prices following news that Iran and Oman are finalizing a tentative agreement to reopen the Strait of Hormuz, along with dollar inflows resulting from SK Hynix's American Depositary Receipt (ADR) listing and the strengthening Japanese yen.
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Jeong Seong-jin
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