Korean Won 'Roller Coaster' Market! Daily Fluctuation Soars to Nearly 10 Won

Due to the impact of U.S. tariff policies, the exchange rate of the Korean won against the dollar experienced violent fluctuations in April, with a daily average fluctuation reaching 9.7 won, setting a new high in nearly 18 months. In comparison, the average daily fluctuation in March was only 4.3 won, indicating that this volatility has doubled, heightening market tension.

In November 2022, the daily average fluctuation reached 12.3 won due to weakening expectations of interest rate hikes by the Federal Reserve, and now, with severe fluctuations reappearing, it reflects rising risk aversion sentiment.

The foreign exchange market is turbulent; how will it proceed next? Continue to follow Tie Zhu to see the trends clearly! #xrp #PEPE‏ #TRUMP #om #STO $XRP $TRUMP $PEPE