Tag - Concerns rise over volatile exchange rate

Concerns rise over volatile exchange rate

The won-dollar exchange rate has shown sharp fluctuations in recent months, raising concerns over the possible negative impact of such volatility on the country’s economy, which is struggling with deteriorating conditions both at home and abroad. Last week saw it rise by 18.8 won in the first three trading days to reach 1,219.3 won per dollar — the highest level in five years and eight months — before falling by 21.9 won over the following two days to close at [...]

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