The 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
February 16th, 2009 at 10:17
South Korean Won
The 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
The 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
January 09th, 2009 at 12:46
South Korean Won
The 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
November 24th, 2008 at 10:57
South Korean Won
The 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.
KRW Reaches Decade Low on Stock Slump
November 20th, 2008 at 9:58
South Korean Won
The Korean won reached the lowest level against the U.S. dollar since 1998 today as the country’s stock market fell for the eight day in a row and the foreign investors continued to pull-out the funds.
Won Falls After Unexpected Rate Cut by BoK
October 27th, 2008 at 11:56
South Korean Won
The South Korean won continued its decline against the U.S. dollar after the Bank of Korea unexpectedly cut the interest rates by the record value of 75 basis points today, struggling against the worst crisis since 1998 Asian financial crash.
Korean Won Recovers from Record Low
October 17th, 2008 at 10:51
South Korean Won
The South Korean won rose today against the U.S. dollar, after posting a largest drop in more than 10 years yesterday, as the financial markets showed growth in U.S. and Asia.
Korean Won and Other Asian Currencies Fall
September 24th, 2008 at 12:14
South Korean Won
The Asian currencies declined today against the U.S. dollar as the delay of the U.S. financial rescue plan may diminish the attractiveness of the risk-ridden regional currencies in conjunction with the economic output decline in Asia.
Korean Won at Lowest since 2005
May 08th, 2008 at 10:55
South Korean Won
The South Korean won declined to its lowest level since November 2005, as the country’s central bank said that the weaker currency will be helping against the economic stagnation.