The won declined for the fourth consecutive trading day due to the hawkish stance of the Federal Reserve and the cooling of market risk appetite. The dollar rose 0.4% against the won to 1381.65, with a cumulative increase of more than 2% over the previous three trading days. The implied monthly volatility of USD/KRW was 10.0975%, up from 10.075% on Wednesday. New Korea investment economist Ha Keon-hyeong said: In the short term, the Fed's interest rate hike may widen interest spreads with South Korea and suppress the trend of the won, but the fundamentals of the US are not superior to South Korea's, so the won is not expected to continue to depreciate.

The won declined for the fourth consecutive trading day due to the hawkish stance of the Federal Reserve and the cooling of market risk appetite. The dollar rose 0.4% against the won to 1381.65, with a cumulative increase of more than 2% over the previous three trading days. The implied monthly volatility of USD/KRW was 10.0975%, up from 10.075% on Wednesday. New Korea investment economist Ha Keon-hyeong said: In the short term, the Fed's interest rate hike may widen interest spreads with South Korea and suppress the trend of the won, but the fundamentals of the US are not superior to South Korea's, so the won is not expected to continue to depreciate.