Explanation on Surge in Korean Won against USD(Based on FT article)
On May 3rd (Korean time), at 2 AM, the dollar-won exchange rate finished trading at 1401.50 won, a sharp drop of 19.50 won compared to the closing price of the previous trading day in the Seoul foreign exchange market. The won/dollar exchange rate had closed at 1405.30 won in the previous day’s trading and continued […]
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