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Won-dollar exchange rate nears 1,540; BOK governor nominee says no major concern

The won weakened in Seoul trading on March 31, with the won-dollar exchange rate at 1,535.7 per dollar as of 2 p.m., up 20.0 won from the previous day’s daytime close. The rate climbed to 1,536.5 around 1:49 p.m., its highest level since March 10, 2009. The dollar index edged down to 100.432. Shin Hyun-song (신현송), the Bank of Korea governor nominee, said he placed no great significance on the current level.