Foreign exchange
Foreign exchange
Navigating choppy waters: Dollar-won FX forecasting
Apr 26, 2024 (Gmt+09:00)
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Foreign exchange
Korean won at 17-month low on Middle East woes, Fed rate view
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar leve...
Apr 16, 2024 (Gmt+09:00)
4 Min read -
Foreign exchange
Won at 17-month low vs dollar on reduced US rate cut bets
The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes ...
Apr 11, 2024 (Gmt+09:00)
1 Min read -
Foreign exchange
Korean investors’ yen savings flirt with record high
South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticipa...
Mar 19, 2024 (Gmt+09:00)
3 Min read -
Foreign exchange
S.Korea’s foreign currency deposits fall as dollar’s strength seen limited
South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won fr...
Feb 23, 2024 (Gmt+09:00)
1 Min read -
Foreign exchange
Toss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a dom...
Jan 18, 2024 (Gmt+09:00)
1 Min read -
Foreign exchange
Koreans’ yen savings snap growth streak despite BOJ exit talk
Yen-denominated deposits in South Korea slid for the first time in eight months as local investors took profits from the recent gains in the major cu...
Jan 10, 2024 (Gmt+09:00)
2 Min read -
Foreign exchange
Yen deposits at Korean banks surge to record $9.9 bn
Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investor...
Dec 19, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Korea, Indonesia to facilitate bilateral trade in won, rupiah
The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elect...
Dec 11, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea, Japan seal 3-year $10 bn currency swap deal
South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The two...
Dec 01, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
Won strengthens past 1,300 mark vs dollar on short-sale ban
The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar for...
Nov 06, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change ...
Nov 03, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea’s forex reserves dwindle to lowest point in more than 3 years
South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local authori...
Nov 03, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Dollar/won in wildest swing in 13 yrs despite intervention
The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by loc...
Oct 06, 2023 (Gmt+09:00)
3 Min read -
Foreign exchange
Fed-triggered taper tantrum takes toll on Korean financial markets
The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tri...
Sep 26, 2023 (Gmt+09:00)
4 Min read -
Foreign exchange
Koreans’ US dollar selling spree continues in anticipation of weaker USD
US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Kor...
Sep 19, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Koreans' Japanese yen savings hit record high in July
South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-y...
Aug 25, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Koreans continue buying spree of sliding Japanese yen
The plunging Japanese currency has stepped up South Koreans’ bargain-hunting, posting record highs in the balance of the yen-denominated deposi...
Aug 10, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea, Japan to resume bilateral currency swap for dollars
South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspension...
Jun 28, 2023 (Gmt+09:00)
3 Min read -
Foreign exchange
Yen’s plunge spurs bargain-hunting in Korea; savings fastest in 6 years
The sliding yen is prompting South Koreans to go bargain-hunting for the Japanese currency in the wobbly financial market as yen-denominated deposits...
Jun 23, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Yen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line af...
Jun 19, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenback...
Jun 13, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the dip...
Jun 09, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea to ease regulations for foreign investor in domestic market
South Korea is set to raise the annual cap for individuals' overseas fund transfers without prior notice from $50,000 to $100,000, thereby easing the...
Jun 08, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
Korean won near 5-month low despite weak dollar; outlook dark
The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundament...
Apr 21, 2023 (Gmt+09:00)
4 Min read -
Foreign exchange
Korea won sees largest drop in 1 month on hawkish Powell
The South Korean won currency on Wednesday suffered its largest depreciation in more than a month as Federal Reserve Chairman Jerome Powell signaled...
Mar 08, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea-Indonesia central banks renew currency swap agreement
Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation for...
Mar 06, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korean won near 2-month low as US data fans Fed hike views
The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Reser...
Feb 17, 2023 (Gmt+09:00)
2 Min read -
Foreign exchange
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry o...
Feb 10, 2023 (Gmt+09:00)
1 Min read -
Foreign exchange
S.Korea to allow offshore investors to directly trade won
South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next y...
Feb 07, 2023 (Gmt+09:00)
2 Min read
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