All posts tagged "Won"

  • 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
    • 0
  • stocks-korea
    Stocks, won plunge to 2-year low as inter-Korean conflict escalates

    By Kim Jae-won Seoul stocks plunged Friday, with already weak sentiment exacerbated by the escalating tension between the two Koreas after an exchange of fire across the western border the previous day, according to dealers. Retail investors...

    • Posted August 21, 2015
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  • (NEWSis)
    Korean won hits fresh 2-year low vs dollar

    SEOUL, July 21 (Yonhap) — The South Korean won fell to the lowest level in two years against the U.S. dollar on Tuesday as market players are increasingly paying attention to a potential rate hike in the...

    • Posted July 21, 2015
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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
    • 0
  • (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
    • 1
  • The South Korean currency continued to strengthen against both the U.S. dollar and the Japanese Yen. (Yonhap)
    US criticizes S. Korea for holding down value of won

    WASHINGTON (AP) — The Obama administration said Thursday that Germany, China, Japan and South Korea are four countries running large trade surpluses that need to do more to combat weak global growth. Issuing its latest currency report,...

    • Posted April 10, 2015
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