First Day of 24-Hour FX Market: KRW-USD Exchange Rate Slightly Rebounds in Weekly Trading (Update)

Weekly Closing at 1,530.3 Won, Up 4.7 Won

On July 6, the first day of the extension of the domestic foreign exchange market to 24-hour trading, the KRW-USD exchange rate rebounded slightly to the 1,530-won range, closing out the weekly trading session.

On this day, as of 3:30 p.m. at the Seoul foreign exchange market, the KRW-USD exchange rate stood at 1,530.3 won, up 4.7 won from the previous trading day. This was an increase of 0.3 won compared to the closing price of the overnight session that ended at 2:00 a.m.

On July 6, 2026, employees are monitoring the stock market and exchange rates in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Yongjun Cho

The KRW-USD exchange rate opened at 1,527.6 won at 6:00 a.m., 2.0 won lower than the previous trading day. It then climbed to 1,537.5 won by 9:09 a.m., before falling to 1,526.7 won around 10:11 a.m. Afterwards, as bargain-hunting demand emerged, the rate fluctuated around the 1,530-won level and closed the weekly trading session at 1,530.3 won.

The slight rebound in the exchange rate was also influenced by continued net selling by foreign investors in the domestic stock market. On this day, foreign investors recorded net sales of approximately 1.3088 trillion won in the KOSPI market. This marks 12 consecutive trading days of net selling since June 19.

Last week, the U.S. dollar weakened as U.S. employment data fell short of expectations, but on this day, the dollar regained strength. As of 4:00 p.m., the Dollar Index (DXY), which measures the value of the dollar against the currencies of six major countries, stood at 101.07.

The Japanese yen is once again showing weakness. The JPY-USD exchange rate is currently up 0.48%, standing at 162.133 yen.

Meanwhile, starting from this day, KRW-USD trading has switched to a 24-hour trading system. The original trading hours, which ran from 9:00 a.m. to 2:00 a.m. the following day, have been extended to run from 6:00 a.m. on Monday through 6:00 a.m. on Saturday. With the exception of weekends and January 1, foreign exchange trading can now continue on weekdays without any overnight break.

With the opening of the 24-hour KRW-USD foreign exchange market, the Seoul Foreign Exchange Market Operation Council (FX Council) will now provide a time-weighted average price (TWAP) at the top of every hour. The opening, high, and low exchange rates will be provided based on the 6:00 a.m. to 6:00 a.m. period, while the current weekly trading closing rate (3:30 p.m.) and the market average rate (MAR) will continue to be provided as before for the time being.

This content was produced with the assistance of AI translation services.