Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Economy / South Korea

Reining In The Won

January 2007 | Market Alert

The South Korean authorities are taking new measures to rein in the won, after it rose by 9% against the US dollar in 2006, making it the second-best performing currency in Asia after the Thai baht (up 16%). The won is now at a nine-year high against the dollar, and significantly also against the yen. The narrowing KRW/JPY cross-rate is a major concern to Korean companies, because South Korea and Japan compete in similar export

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