Chinese Widening Economy Helps Won
The widening growth of the Chinese economy helps to boost other Asian country’s economies and exports, and the appreciating South Korean won is one of the signs of this trend.
The funds are streaming into the country, as the investors have the bullish outlook for the Korea’s performance. The experts think that the Korean currency has the potential to continue its rise. The news can be considered favorable not only to the Asian region, but to the world as well as the exporters in the regional countries are becoming more active.
USD/KRW traded at about 1108.00 as of 10:06 GMT today after it opened at 1111.40.
If you have any questions, comments or opinions regarding the South Korean Won, feel free to post them using the commentary form below.
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Earlier News About the South Korean Won:
- South Korean Won Rises on EU-Greece Aid Plan (2010-02-10)
- South Korean Won Biggest Loser in Asia on Risk Aversion (2010-01-23)
- South Korean Won Hits 4-Month High Against U.S. Dollar (2009-05-04)
- Korean Won Rises On Optimistic Declarations (2009-04-22)
- Won Once Again Leads in Gain in Asia (2009-04-09)
