Posts Tagged ‘exchange rate’

South Korean won strenghtening – Bank of Korea getting involved?

Saturday, September 11th, 2010

I brought several tens of thousands of dollars and converted them to won (to get a new apartment) about 6 months ago. The exchange rate was about 1150.

Eventually that money is going back to the US and from Korean won back into greenbacks. It would be nice if the won was around 1100 or 1000 or lower. Several have predicted the BOK intervening because a stronger won makes things tougher for Korea’s export driven economy. I hope they stay out of it. At any rate, the general trend seems to be a strengthening won.