Archive for the ‘South Korean Won’ Category

South Korean Won Hits 4-Month High Against U.S. Dollar

Monday, May 4th, 2009

South Korean wonThe South Korean currency has been favored since the beginning of the year by both domestic and international signs of improved economic conditions.

Korean Won Rises On Optimistic Declarations

Wednesday, April 22nd, 2009

South Korean wonAfter 3 days of sequential losses, the South Korean won had its first session of gains as the American Treasury Secretary Timothy Geithner affirmed that most banks in the U.S. have «enough capital», causing a rally in assets from emerging countries.

Won Once Again Leads in Gain in Asia

Thursday, April 9th, 2009

South Korean wonThe Korean won advanced at a fastest pace among the most-traded Asian currencies today as the risk-aversion that prevailed earlier this week ended unexpectedly and the outlooks for the Asian emerging economies improved.

KRW Falls as Government Cools Optimism

Friday, April 3rd, 2009

South Korean wonThe South Korean won declined today against the U.S. dollar after rising for the whole week after the country’s government said that the current investors’ outlook for the economy are too optimistic.

Korean Won Grows on Dollar’s Decline

Thursday, March 26th, 2009

South Korean wonThe South Korean won, which is the outsider among the Asian currencies in the current year, rose to near the 2-month high against the U.S. dollar today as the latter declined on the lower risk-aversion mood of the currency market.

Korean Won Rises as Asian Stocks Gain

Tuesday, March 10th, 2009

South Korean wonThe South Korean won rose for the third day against the U.S. dollar today as some Asian stock markets showed the growth and the high-yielding currencies were favored by the traders.

USD/KRW Approaches 2-Month High

Monday, February 16th, 2009

South Korean wonThe South Korean won declined to almost two-month low level against the U.S. dollar today as the global economic crisis worsened, prompting investors to sell the emerging markets’ assets.

Korean Won Leads Asian Currencies Decline

Saturday, January 31st, 2009

South Korean wonThe South Korean won was the worst-performing currency among the Asian ones this month as the investors moved out of the country’s assets and the exports to the developed economies fell sharply.

Korean Won Declines on Rate Cut

Friday, January 9th, 2009

South Korean wonThe South Korean won continued to decline against the U.S. dollar today almost completing a third week of drop as the country’s central bank reduced the interest rate to the record low value.

Korean Won Close to Decade Low Again

Monday, November 24th, 2008

South Korean wonThe South Korean won continued its decline against the U.S. dollar today despite the other Asian stocks rebound caused by the U.S. government’s intentions to bail-out Citigroup.


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