Korea Exchange Rate

Korea

Korea: Korean won weakens

February 27, 2012

On 27 February, the Korean won (KRW) was trading at 1,129 KRW per USD, which was 0.5% weaker than on the same day of the previous month, as recent spikes in global oil prices, as well as data suggesting slowing economic activity, sparked worries about the strength of the recovery. The reading contrasts the notable 2.5% gain recorded in January, which came in on the back of data suggesting firm domestic demand and a brighter outlook for exports.


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