1South Korean won
Nr. 1 — South Korean won. In den Listen von 5 von 8 KIs; mittlerer Platz dort: 1. The won shows the biggest split: up against the dollar, yet down about 10% against its trade basket, so the dollar quote hides the story.

Schon gewusst?
The won, Chinese yuan and Japanese yen all come from the same source: the Spanish-American silver dollar. The old word "won" means "round," which describes the shape of that coin.
- Was es ist
- South Korea's currency, which just hit a two-year high against the dollar.
- Seine Stärke
- Its dollar gain and basket loss point in opposite directions, the widest gap of the three.
- Wen es angeht
- Useful for anyone reading headlines about a 'strong' currency and wondering what they really mean.
- Dollar quote vs trade basket~3.6% up vs USD, ~10% down
Schon gewusst?
The 50,000 won note was the first Korean banknote with a woman's portrait. It caused some fuss because its colour and number look similar to the 5,000 won note. A planned 100,000 won note was cancelled over controversy about its image.
Geschichte
In 1997, trouble rolling over short-term foreign debt helped push Korea into a currency crisis, and the won plunged. On December 4, the IMF approved a three-year rescue program worth $21 billion. — (voice only)
Gut zu wissen
The won is moved a lot by money leaving Korea, such as investors buying foreign assets. Reports tie its weakness to those outflows, so its dollar price can swing fast.
A weak won raises prices at home. The Bank of Korea's governor said it fuels inflation and widens the gap between richer and poorer households.
Weiterlesen
Open the BIS effective exchange rate page and download the broad nominal index. Find Korea and look at its two-year trend. It tracks the won against many trading partners, not just the dollar.
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