South Korean Won

The South Korean Won decreased to 1037.49 in April from 1063.93 in March of 2014. South Korean Won averaged 988.78 from 1981 until 2014, reaching an all time high of 1962.50 in December of 1997 and a record low of 667.20 in July of 1989. The USDKRW spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the KRW. While the USDKRW spot exchange rate is quoted and exchanged in the same day, the USDKRW forward rate is quoted today but for delivery and payment on a specific future date. This page provides - South Korean Won - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1037.49 1063.93 1962.50 667.20 935.12 | 2014/05 1981 - 2014 Daily

TO

South Korean Won
LIST BY COUNTRY

Markets Last Previous Highest Lowest Forecast Unit
Government Bond 10Y 3.54 2014-04-14 3.52 7.91 2.72 3.54 2014-05-31 Percent [+]
Stock Market 1992.27 2014-04-15 1985.61 2228.96 93.10 1997.55 2014-05-31 Index points [+]
Currency 1042.09 2014-04-15 1063.93 1962.50 667.20 935.12 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Bank of Korea Leaves Monetary Policy Unchanged  
At its April 10th, 2014 meeting, South Korea's central bank held the benchmark interest rate unchanged at 2.5 percent, as widely expected. Under new Governor Lee Ju-yeol, the Bank of Korea cited signs of recovery at home and abroad and uncertainty about the US Federal Reserve's stimulus.
South Korea Unemployment Rate Falls in March  
South Korea jobless rate decreased to 3.5 percent in March of 2014, after reaching a three-year high 3.9 percent in February, thanks to new jobs created in agriculture and social services.
South Korea Trade Surplus Widens 25.7% YoY in March  
South Korean trade surplus increased to USD 4.19 billion in March of 2014, up from a USD 933 million surplus in the previous month and USD 3.33 billion surplus a year earlier. Exports jumped to the second-highest value on record due to higher demand from the US and the EU.
South Korea Inflation Rate Accelerates in March  
South Korean consumer prices rose in March of 2014 to an annual rate of 1.3 percent, up from 1 percent in February. The inflation rate rose for the first time in four months to a seven-month high, mainly due to higher childcare cost.
South Korea GDP Advances 0.9% QoQ in Q4  
South Korean GDP advanced a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2013, in line with expectations and unchanged from the advance estimate.
South Korea GDP Growth Revised Down to 3.7% YoY  
In the fourth quarter of 2013, South Korean GDP advanced 3.7 percent over a year earlier, down from an initial 3.9 percent estimate. Exports, government spending and contruction investment rose at a slower pace than initially estimated.
Bank of Korea Holds Rates  
At its March 13th, 2014 meeting, South Korea’s central bank decided to hold the base rate unchanged at 2.5 percent, citing mixed signs of a global recovery.
South Korea Unemployment Rate Hits 3-Year High  
In February of 2014, South Korean seasonally adjusted jobless rate rose to 3.9 percent, up from 3.2 percent in the previous month. While the number of job seekers increased as the season for graduation and recruitment led more young people to actively look for job, the number of people in work hit its highest level in 15 years.
South Korea Inflation Rate Slows in February  
South Korea annual inflation rate eased to a four-month low 1 percent in February of 2014, down from 1.1 percent in the previous two months.
South Korea Trade Surplus Narrows over a Year Earlier  
In February of 2014, South Korean trade surplus decreased for the second straight month to USD 926 million, down from USD 1.9 billion a year earlier. Sales in January and February usually show volatility due to the Lunar New Year holidays.
MORE RELATED NEWS

LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
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