The won strengthened slightly against the dollar on Dec. 2 as risk aversion spread after a steep drop in cryptocurrency prices.
In the Seoul foreign exchange market, the won stood at 1,471.7 per dollar at 9:05 a.m., up 1.75 won from the previous day’s closing level at 3:30 p.m.
The rate opened at 1,471.0, up 1.1 won from the previous day, and traded between 1,470 and 1,472 won.
Bitcoin and other cryptocurrency prices fell sharply, which appeared to fuel risk aversion.
Bitcoin dropped nearly 6 percent the previous day and traded near 85,000 dollars.
The dollar index, which measures the dollar against six major currencies, rose 0.02 percent to 99.422 from a day earlier.
At the same time, the won-yen cross rate was 946.62 won per 100 yen, up 2.26 won from the previous day’s 3:30 p.m. level of 944.36.
The yen-dollar rate rose 0.07 yen to 155.54 yen.
[Yonhap]
Online Team
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