The South Korean won fell against the euro today on concerns that problems in Europe crippled economic growth of Asian nations. The currency was also down versus the US dollar, but later rebounded.
South Korean Won KRW
Detailed information and fundamental factors
Central Bank: Bank of Korea
Interest Rate: 3.25%
Public Debt to GDP Ratio, 2010: 22.6%
Trade Balance, 2010: $41.9 bln.
Inflation, 2010: 3%
Supporting Factors
Major industrial exporter
medium
High-yielding interest rates
weak
Factors of Weakness
Military instability on the Korean peninsula
Currency manipulation in favor of country's exporters
medium
South Korean Won News Archive
Won Drops vs. Euro on Threat of Economic Slowdown in Asia
February 01st, 2012 at 10:50
South Korean Won
Won Climbs as BoK Maintains Interest Rates
January 13th, 2012 at 16:32
South Korean Won
The South Korean won gained today as the nation’s central bank maintained its main interest rate to rein inflation and support country’s economic growth.
South Korean Won Gains as Analysts Anticipate Intervention
December 29th, 2011 at 10:34
South Korean Won
The South Korean won gained today on speculation that the South Korean central bank will step in to support the nation’s currency that is depreciating amid concerns about global growth.
Won Retreats as Importers Buy Dollars
December 27th, 2011 at 11:06
South Korean Won
The South Korean won fell today as nation’s importers increased their purchases of dollars, while concerns about the region’s economic growth intensified, reducing appeal of Korea’s currency.
South Korean Won Drops After North Korean Leader Dies
December 19th, 2011 at 16:28
South Korean Won
The South Korean won slid today after North Korean leader Kim Jong Il died, leading to fears that North Korea would face a political turmoil that may negatively influence South Korea.
Korea’s Won Weakens After BoK Keeps Rates Unchanged
December 08th, 2011 at 9:57
South Korean Won
The South Korean won declined today on the renewed fears of the European sovereign-debt crisis, while the Bank of Korea refrained from increasing its interest rates.
Won Gains on US Employment & Hopes for Europe, Falls Again
December 05th, 2011 at 18:56
South Korean Won
The South Korean won gained today as the positive US employment report reduced investors’ fear of a new recession, while hopes that the European leaders would find a way to resolve the region’s crisis further bolstered the South Korean currency. The won later fell.
Korea’s Won Still Feels Pressure from Europe
November 18th, 2011 at 17:03
South Korean Won
The South Korean won remained lower today as concerns about the sovereign debt crisis in Europe were negative for the currency.
Korea’s Won Profits from Central Bank’s Monetary Decision
November 11th, 2011 at 13:57
South Korean Won
The South Korean won rose today after the nation’s central bank decided to keep the interest rates unchanged and tensions about Europe subsided.
Won Falls as Traders Look at Greek Referendum with Concerns
November 03rd, 2011 at 9:49
South Korean Won
The South Korean won dropped today as the tension about the upcoming referendum in Greece continued to damp demand for riskier currencies of emerging markets.