Won Exchange Rate to Dollar Declines by 1006
The exchange rate of the dollar is continuously declining, showing a little instability and fluctuation, whereas the activity of the Korean stock market is up.
According to an exchange expert, the exchange rate of the dollar is expected to continuously decline. It was down to 1006.3 won today. Yesterday, the exchange rate reached 1008.00, down 2 won compared to the day before.
A Busan Bank source says, “It is expected that there will be more decline because the trade balance is in the black and the stock market is active.” A number of exchange rate experts predict that the exchange rate will reach 970.00 to 1050.00 won by the fluctuation factors such as balance on current accounts, interest, stock prices, trends of oil policy, and the matter of North Korea’s nuclear program.
With regard to the Yen, the exchange rate is now at 854.39, and the phenomenon can influence Korean exports and economy.
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 / 입력시간: 2006. 01.05. 09:30
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