As the won / dollar exchange rate surges in the short term due to the overlapping of the US trade disputes with the Korea-Japan economic conflicts, we are wondering whether we should buy more dollars now.

If you are an asset holder who already has a dollar, a student who has an international student, a parent with an international student, or an importer who regularly needs dollars, or an ordinary investor who does not have dollar assets, you may need to act wisely to avoid unnecessary exchange losses.

According to the industry on May 5, as the KRW / USD rate has risen since last month, exchange rate inquiries have come to the bank window.

Most were asking about the direction of dollar movement and buying.

"There are a lot of inquiries about whether the dollar should be bought now or whether the dollar is rising," said Gyo Jae-pil, head of the 1 PB center at the Bank of Korea. "GDP growth is not high and the Japanese economy is very good I do not think it's because of the stronger dollar or our problem. "

"If the current problems are not resolved, we will look conservatively and expect to rise to KRW 1,250," said Shin Hyun-jo, head of Shin Jinsung Woori Bank's Woori Bank. "Customers are likely to go up to 1,300 won, I'm looking at it. "

I am disagreeing about whether I should buy the dollar now.

KB Kookmin, Shinhan, Woori, KEB Han and NH Nonghyup Bank increased their deposit balances by 4.1 percent ($ 1.54 billion) from the previous month to $ 39.60667 million by the end of July.

The dollar has soared in the first half of the year.
The won / dollar exchange rate surged in April ~ May, peaking at 1,191.5 won on May 17, based on the closing price, and then stabilizing downward, down to 1,154.7 won on June 28.

Then, starting from July 1, when the first export regulation of Japan started, it is now more than 1,200 won in the market.

Shin Hyun-joo, head of the Center, said, "Since the US-Japan trade dispute is on its way to the river, Japan's economic retaliation has been a problem since July, and customers have bought a lot of dollars in June and July."

"If you have a need for remittances, such as studying abroad, you have earned the dollar a little from the beginning of the year as soon as possible," said Jung Sung-jin, KB senior manager at the Kookmin Bank's WM Star Consulting Group.

"We do not have a lot of people who are preparing for studying in their home country or who have already bought a lot of dollars," said Lee Ji-oh, head of business at Woori Bank's head office. If it's expensive, I will send you the currency you have already exchanged, and if the dollar is lower than the price, I will tell you to buy it again. "

While asset holders who already have dollars are now saying that it is time to sell the dollar and realize the foreign exchange gains, there is a different view on whether the general public who does not have dollars will buy it.

Park Byeong-ho, head of Incheon PWM PB, Shinhan Bank, said, "Because of the burdensome exchange rate, those who have short-term demand can switch to dollars, but we should stop buying dollars on a large scale."

Ko Jae-pil, Hana Bank's director of PB, said, "The exchange rate may rise a bit, but I do not think it is a bit above the average exchange rate. I am consulting about holding the investment."

Shin Hyeon-jo, head of Woori Bank, said, "It seems like a way to set aside 1,220 won and 1,250 won each, since there is no special momentum until September.

In the conflict between Korea and Japan, there is also a considerable amount of inquiries regarding the yen's short-term surge.

"It is likely that the yen will continue to strengthen for some time," said Kim Hyung-ri, deputy manager of asset management (WM) pension fund at NH Bank of Nonghyup Bank. "Customers of Japanese yen remittances, for example, I think it would be okay to transfer. "

(Photo: Yonhap News)