USD-KRW Exchange Rate Expected to Stay Around 1,490–1,505 Won on July 13

SK Hynix-14.22%
SKHYV-0.98%
According to Seoul forex dealers, the USD-KRW exchange rate is expected to move around 1,490–1,505 won on July 13. SK Hynix's American Depositary Receipt (ADR) listing, which raised approximately 26.5 billion USD, is anticipated to weaken the dollar as the company plans to convert a significant portion of the funds for domestic investment. However, escalating Middle East tensions, with West Texas Intermediate crude oil surging 3% in August amid U.S.-Iran military conflict, are expected to provide upward pressure on the dollar index and limit further downside.
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