exchange rates News

Record-Breaking $68.96 Billion in Daily Forex Transactions Signals Strong Market Growth in 2024

In 2024, daily forex transactions hit a record $68.96 billion, driven by increased hedging demand and overseas investments. The won-dollar exchange rate rise significantly boosted ...

Dollar's Slight Decline on the Black Market: A Closer Look at Vietnam's Exchange Rates

The dollar experienced a slight decline on Vietnam's black market, with unofficial exchange points selling it at VND25,755, down 0.17% from Friday. Vietcombank kept its rate unchan...

U.S. Dollar Experiences a Dip in the Black Market: A Detailed Analysis

The U.S. dollar faced a slight decrease in the black market, with unofficial rates dropping to VND25,800. Despite this, official rates remained stable, showcasing the complex dynam...

South Korea's Largest Domestic Supply Price Index Increase in Seven Months: Causes and Implications

The Bank of Korea reported a 0.6% increase in the domestic supply price index for November, the largest in seven months, due to higher exchange rates and electricity rate hikes. Th...

Inflationary Pressure Looms as Exchange Rates Surge: BOK's Forecast for December

Kim Woong, deputy governor of the Bank of Korea, predicts inflationary pressure due to high exchange rates will emerge starting in December. This prediction comes as the Consumer P...

Dollar's Decline Against Dong: Black Market Exchange Rates

The dollar fell 0.12% against the Vietnamese Dong at unofficial exchange points to VND25,810, while remaining stable at VND25,509 at Vietcombank. The State Bank of Vietnam kept its...

Inflationary Pressure Looms as Exchange Rates Surge: BOK's Warning

Kim Woong, deputy governor of the Bank of Korea, warns of inflationary pressure due to high exchange rates starting in December. The Consumer Price Index (CPI) for November showed ...