All posts tagged "exchange rate"

  • (NEWSis)
    US seeking to tag S. Korea as currency manipulator

    SEOUL (Yonhap) — The United States is moving to tag South Korea as a currency manipulator at a time when the country is struggling with plunging exports, local observers said Wednesday. South Korea and other countries that...

    • Posted February 23, 2016
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  • Foreign exchange dealers watch monitors at KEB Hana Bank in Seoul, Friday, when the won extended its decline to close at 1,234.4 won against the U.S. dollar, the lowest level since June 11, 2010. The Bank of Korea said Friday it will take every measure to prevent the won from fluctuating further against the dollar. (Korea Times photo by Seo Jae-hoon)
    Won plunges despite intervention

    By Yoon Ja-young South Korea’s financial authorities pledged Friday to take every measure to prevent the won from fluctuating further against the dollar and other major currencies. “The won-dollar exchange rate has been fluctuating too widely recently,”...

    • Posted February 19, 2016
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  • An electronic signboard at KEB Hana Bank in Seoul shows the closing exchange rate of the South Korean won on Jan. 11, 2016, which ended at 1,209.80 against the U.S. dollar. The local currency fell to 1,210 won per greenback during trading, the lowest in 5 1/2 years, as cross-border tension on the Korean Peninsula and China's market shock discouraged investors. South Korean shares lost 1.19 percent. (Yonhap)
    Won hits lowest level against US dollar in 5 1/2 years

    By Kim Jae-won The won hit its lowest level against the U.S. dollar in five and a half years on Monday as investors kept moving to safer assets out of fear of the volatile Chinese market, analysts...

    • Posted January 11, 2016
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  • The South Korean currency continued to strengthen against both the U.S. dollar and the Japanese Yen. (Yonhap)
    S. Korean won likely to remain weak against US dollar this year

    SEOUL (Yonhap) — The South Korean won is likely to remain weak against the U.S. dollar this year on growing uncertainty in emerging economies following a U.S. rate hike and a slowdown in the Chinese economy, market...

    • Posted January 4, 2016
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  • (Yonhap)
    Real value of Korean won hits over 7-year high: data

    SEJONG, May 21 (Yonhap) — The real value of the South Korean won against other key currencies hit an over seven-year high in April, data showed Thursday, in a negative development for the country’s exports. The real...

    • Posted May 20, 2015
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  • (AP Photo/Ahn Young-joon)
    S. Korean won hits 7-year-high against yen

    Exchange rate touches below 900 per 100 yen By Yoon Ja-young The won touched the highest level against the Japanese yen in seven years and two months Thursday, adding to concerns over its effect on exports. The...

    • Posted April 23, 2015
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  • koreanair
    Korean Air posts net loss of $151 million in Q1

    SEOUL (Yonhap) — Korean Air Lines Co., South Korea’s top air carrier, said Thursday it posted a net loss of 155.8 billion won (US$151.7 million) in the first quarter, mainly due to unfavorable exchange rates that affected...

    • Posted May 15, 2014
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