All posts tagged "usd"

  • 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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  • Korean won hit a two-year high against the dollar on Tuesday. (Newsis)
    Weakness of dollar has Korean students in U.S. smiling

    Tour industry is also happy, but importers are not  By Lee Woo-su The recent weakness of the U.S. dollar (USD) has Korean students studying abroad and travel agencies here smiling. The 26-year old postgraduate student Lee in...

    • Posted December 11, 2013
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