COGNICURRENT

The Won-Dollar exchange rate has closed above 1500 Won for two consecutive days for the first time since the financial crisis in 2009.

The won-dollar exchange rate has surpassed 1500 won per dollar for the first time since the 2009 global financial crisis, amid escalating tensions from the U.S.-Iran conflict.

The South Korean National Assembly's Finance Committee approved a law aimed at encouraging overseas investors to return to the domestic market by offering significant tax deductions on capital gains from foreign stock sales.

The naira has appreciated against the dollar, reaching N1,355 in the official forex market, marking its strongest performance since February 2026.

Turkey has spent approximately $12 billion to stabilize its currency against global market disruptions caused by the war, which is about 15% of its foreign exchange reserves.

The Korean stock and foreign exchange markets have experienced instability for two consecutive days due to the impact of the war between the US, Israel, and Iran, with significant declines and surging exchange rates prompting calls for government intervention.

The South Korean won has seen a significant depreciation against the US dollar, surpassing 1500 won as a consequence of rising global tensions and a surge in oil prices, reflecting the country's heavy reliance on foreign oil.

The spread of South Korea's foreign exchange bonds has increased by 3-4 basis points due to the recent Iran crisis and military actions by the U.S. and Israel, although this rise is smaller compared to similar increases in China and Japan.

The Central Bank of Nigeria cut the Monetary Policy Rate by 50 basis points to 26.5% as part of efforts to manage inflation and stabilize the foreign exchange market.

The turnover of transactions in the Athens Stock Exchange continues to soar, reminiscent of past high times, driven by a rally in stocks and increased interest from foreign investors.

In 2025, Argentina's yerba mate exports reached a historical high, generating over $112 million in foreign exchange amid significant market deregulation.

Argentina saw a surprising inflow of $1.85 billion in foreign exchange in January, primarily fueled by increased exports of wheat and barley, despite a dip in projected exports for February.

The yen weakened to around 157 yen to the dollar in the Tokyo foreign exchange market, the lowest in roughly two weeks, due to perceptions of continued yen-selling influenced by a recent election victory by the ruling party and its fiscal policies.

On the Tokyo foreign exchange market on the 5th, expectations of an expansive fiscal policy following the House of Representatives election led to selling of the yen and buying of the dollar, causing the yen to temporarily drop to 157 yen per dollar.

Nigeria's foreign exchange market is improving due to Central Bank reforms and rising oil prices, enhancing the naira's value and strengthening external reserves.

The yen has depreciated in the Tokyo foreign exchange market ahead of the House of Representatives election on the 8th, driven by speculation regarding post-election economic policies.

The Japanese yen fell to the mid-156 range against the dollar on April 4, with the restraint measures from US-Japan coordinated foreign exchange interventions seemingly losing their effectiveness.

Korea's foreign exchange reserves decreased for the second consecutive month in January, primarily due to measures taken to stabilize the market amid rising exchange rate volatility.

The naira improved against the US dollar in the last week of January 2026, closing at 1,386/$ in the official Nigerian foreign exchange market.

The closure of unauthorized currency exchange markets in Libya, intended to stabilize the economy, resulted in a significant increase in foreign currency prices against the Libyan dinar.

Foreign investors are increasingly buying shares on the Italian stock exchange, with over 50% of market capitalization now held by international shareholders, up from 48.6% last year.