Korean currency rises at fourth fastest pace in G20   최근한달 원화절상률 G20 통화 중 4번째로 높

Korean currency rises at fourth fastest pace in G20 최근한달 원화절상률 G20 통화 중 4번째로 높


The Korean currency has appreciated by the
fourth biggest margin among the G20 currencies,… with the Russian Ruble leading that category.
By the end of the day on Friday, the Korean won had risen four-point-nine percent
against the U.S. dollar in a space of a month. The won was trading at 11-hundred-29 to
the dollar, down 57 won from the month before. Some of the driving factors include downbeat
economic data from the U.S., strong expectations that the U.S. will put off hiking interest
rates this year… and a stronger demand for emerging currencies.
But according to analysts, it′s tough to say whether the won has reversed course
and will start rising from current levels. That′s a concern for local exporters,
which are extremely sensitive to currency fluctuations.

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