Korea : Economic Indicators : 2012
Won weakens further in December
By 29 December, the Korean won (KRW) had slipped 0.8% in nominal terms over the previous month and was trading at 1,152 KRW per USD. The December drop followed the 3.1% decline observed in November, when the KRW traded at 1,143 per USD. For the full year 2011, the Korean won fell 1.5% versus the USD.
The Korean currency, however, recently strengthened on the back of fresh data suggesting firm domestic demand and a brighter outlook for exports. On 20 January the won traded at 1,137 KRW per USD, which represents a 1.3% appreciation compared to the end of December.
Forecasts: This indicator is covered in the FocusEconomics Consensus Forecast. For 5-year projections, including quarterly forecasts for the next two years, please visit our Online Store.
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