FX volatility reaches highest since COVID-19 pandemic amid Middle East tensions

The daily volatility of the Korean won against the dollar has risen to its highest level since the COVID-19 pandemic amid heightened tensions in the Middle East, data showed Sunday. The won has fluctuated sharply following the US-Israeli joint attacks on Iran on Feb. 28, with the average daily fluctuation of the won against the greenback reaching 13.2 won as of Friday, according to the economic statistics system of the Bank of Korea. The level of volatility marks the highest since March 2020, wh

By The Korea Herald