Won Poised to Jump 4% This Quarter on Policy Boost, Inflows

The South Korean won is on track for a gain of more than 4% this quarter, supported by government measures to curb volatility and a flood of foreign capital into local stocks, according to local analysts.

NH Investment & Securities Co. and Korea Investment & Securities Co. expect the won to reach 1,400 per dollar by the end of the first quarter, while Woori Bank and Kookmin Bank forecast it to reach 1,420 over the same period. The currency traded around 1,470 on Monday.