The Korean Won / US Dollar exchange rate increased for two consecutive days... influenced by the Korea Composite Stock Price Index, closing at 1,483.5 Korean Won

The Korean won against the US dollar rose for the second consecutive day on the 17th, closing at 1,483.5 won.
Although the possibility of a second round of talks between the US and Iran drew attention, the strengthening dollar combined with weakness in the domestic stock market led to greater downward pressure on the won during trading.

In the Seoul foreign exchange market, the won-dollar exchange rate closed (based on 3:30 PM) at 1,483.5 won, up 8.9 won from the previous trading day.
The exchange rate opened at 1,481.4 won (up 6.8 won from the previous day), briefly fell to 1,477.9 won, but then expanded its gains again.
Recently, after news of the second ceasefire negotiations between the US and Iran, the exchange rate experienced two days of decline, followed by two consecutive days of rebound.

Market analysts interpret that changes in Middle East tensions and the dollar's own strength jointly drove the exchange rate higher.
The US dollar index, which measures the dollar against six major currencies, stood at 98.261, up 0.21% from the previous trading day.
Typically, easing geopolitical tensions can boost risk appetite, but the dollar's appreciation that day was unfavorable for the won.
U.S. President Donald Trump stated on the 16th (local time) that the war with Iran "will end very soon," and mentioned the possibility of further negotiations over the weekend, with Iran nearly agreeing to all conditions.
Despite expectations of progress in negotiations, the foreign exchange market did not immediately see this as a positive factor for the won's strength.

Weakness in the domestic stock market also contributed to the won's softness.
The Korea Composite Stock Price Index (KOSPI) closed at 6,191.92 points, down 34.13 points (0.55%) from the previous day, with foreign investors net selling about 19.84k trillion won worth of stocks.
When foreign investors sell domestic stocks and withdraw funds, it can increase demand for the dollar, thus pushing up the exchange rate.
The Japanese market also showed weakness, with the Tokyo Stock Exchange's Nikkei 225 index closing down 1,042.44 points (1.75%) at 58,475.90 points.

The yen's movement also changed accordingly.
The yen-dollar exchange rate rose 0.38%, to 159.488 yen;
The won-yen cross rate (based on 3:30 PM) was 930.21 won per 100 yen, down 2.18 won from the previous day.
This indicates that while the won is relatively weak against the dollar, its performance against the yen shows a slightly different trend.
In the future, exchange rates are likely to be redefined based on the outcome of US-Iran negotiations, whether the dollar's strength can be sustained, and foreign capital flows.