38747
Won Gain Fastest
World Economy

Won Gain Fastest

The South Korean won gained the fastest among Asian currencies last month on the back of the US Federal Reserve’s dovish stance on raising interest rates and slower depreciation of the Chinese yuan, according to data by Yonhap Infomax and Capital Economics. Won strengthened against the US dollar by 8.15% in March, the highest gain followed by the Malaysian ringgit’s 7.97% appreciation; Singaporean dollar’s 4.32%; Taiwanese dollar’s 3.44%; Philippine peso’s 3.16%; and Indian rupee’s 2.94%. The won-dollar exchange reached 1,143.50 won at the end of March, down from 1,245.30 won a month before.

 

Short URL : http://goo.gl/REzLKH
  1. http://goo.gl/3vbefq
  • http://goo.gl/lkaTsq
  • http://goo.gl/IWwnRX
  • http://goo.gl/zpaJTe
  • http://goo.gl/lZhp8z

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Trending

Googleplus