The South Korean won fell today, heading to a weekly decline, as the central bank voiced worries about slowing economic growth, while politicians were concerned about the negative impact of depreciating yen.
The South Korean won is the currency officially used in South Korea. It was introduced in 1962 and allowed to float freely in 1997.
South Korean Won News Archive
South Korean Won Follows Yen in Decline
February 18th, 2013 at 11:04
South Korean Won
The South Korean won declined today on speculation that the government will push the currency down after the rally, following the example of Japan.
Won Drops as Government Ready to Intervene
January 23rd, 2013 at 11:25
South Korean Won
The South Korean won depreciated today after Finance Minister Bahk Jae Wan warned that the lawmakers may curb the recent gains of the currency. Such comments reduced the attractiveness of the won.
Won Swings Between Gains and Losses
January 04th, 2013 at 14:07
South Korean Won
The South Korean won rose today, but slipped back later and currently is shifting between gains and losses as the traders’ mood was swinging back and forth between optimism and pessimism about the future of the US economy.
Won Rises as South Korean Economy Improves
December 28th, 2012 at 13:02
South Korean Won
The South Korean won advanced today on signs that South Korea’s economy is improving as exporters were converting their profits to the local currency ahead of the year-end.
South Korean Won Gets Strength from Fed’s Announcement
December 13th, 2012 at 2:02
South Korean Won
The South Korean won climbed today after the Federal Reserve announced yesterday additional measures to support the struggling US economy and foster growth. The major event allowed higher-yielding currencies to ignore some negative data that came out before.
South Korean Won Soft amid Poor Market Sentiment
November 28th, 2012 at 11:21
South Korean Won
The South Korean won declined today as the risk aversion on the Forex market deterred traders from higher-yielding assets of emerging economies, including the South Korean ones.
Won Drops as on Intervention Worries
November 23rd, 2012 at 13:07
South Korean Won
The South Korean won fell today on worries that the government may intervene to weaken the currency. The concerns overshadowed the positive influence of optimism about economic growth in China.
Won Drops on Fears of US Fiscal Cliff
November 16th, 2012 at 15:26
South Korean Won
The South Korean won fell today as worries about the budget deficit in the United States of America made investors less willing to buy higher-yielding currencies.
Won Reaches 13-Month Record
October 30th, 2012 at 13:40
South Korean Won
The South Korean won climbed today, reaching the highest level in 13 months, probably because exporters sold dollars to convert their earnings after exports advanced. The Forex market sentiment improved today, adding to the bullish bias of the currency.
