exchange rate News

Bank of Korea Holds Interest Rates Steady at 3% Amid High Exchange Rate Concerns

The Bank of Korea has decided to keep the base rate unchanged at 3% due to concerns over a high exchange rate. Governor Rhee Chang-yong discussed the impacts of a strong U.S. dolla...

Navigating Through Economic Dilemmas: Rising Exchange Rates and Robust U.S. Employment Figures Challenge Rate Cut Expectations

The Bank of Korea faces a challenging decision on its base rate amidst rising exchange rates and strong U.S. employment data, sparking intense debate within the securities industry...

U.S. Dollar Strengthens Against Vietnamese Dong: A Closer Look at the Recent Surge

The U.S. dollar has seen a notable increase against the Vietnamese dong, with Vietcombank adjusting its selling price upwards. Globally, the dollar's strength is underpinned by ris...

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...

Survival at Stake: Korean Companies Brace for Impact as Exchange Rate Threatens to Exceed 1,390 Won by 2025

Korean companies face a critical challenge as the won-U.S. dollar exchange rate threatens to exceed 1,390 won by 2025, impacting import costs and overseas investments. A survey amo...

South Korean Financial Markets Shaken as Exchange Rate Hits 1,480 Won and KOSPI Drops Below 2,400 Amid Political Crisis

South Korea's financial markets face turbulence as the won/dollar exchange rate exceeds 1,480 won and the KOSPI index falls below 2,400, amid political instability and a proposed i...

US Dollar Soars to Peak Against Yen Since July Amid Job Data Surge

The US dollar surged to its highest level against the Japanese yen since mid-July, driven by the latest job data showing an increase in jobless claims. Meanwhile, Japan downgraded ...

Navigating the Economic Trilemma: Growth, Inflation, and Exchange Rate Stability

New RBI governor Sanjay Malhotra faces the challenge of balancing economic growth, inflation, and exchange rate stability, while also navigating regulatory reforms and addressing d...

Uncertainty Grips Business Sector Amid Political Turmoil and Economic Challenges

Domestic companies are on high alert amid the aftermath of President Yoon Suk Yeol's martial law and the opposition parties' push for his impeachment. With the prolonged economic d...

South Korea's Financial Sector Braces for Political Instability Impact

South Korea's financial sector is on high alert due to the recent martial law declaration, with institutions closely monitoring liquidity levels and capital adequacy ratios. Financ...