Tag: foreign exchange rate

foreign exchange rate

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Bank of Korea Governor Shin Hyun-song delivers his inaugural address at the inauguration ceremony held at the Bank of Korea in Jung District, central Seoul, on April 26. [NEWS1]

Korea's daily forex trading hit record high in Q1, BOK data reveals

Daily foreign exchange trading by banks in Korea hit an all-time high in the first quarter, driven by increased cross-border trading of stocks and bonds and hedging, central bank data showed Wednesday.

2026.4.29

Electronic display boards show Korea's financial markets at Hana Bank's dealing room in central Seoul on March 19. The won was above the 1,500 level when the regular session closed at 3:30 p.m. — the first time for it to be at that level during intraday trading since the financial crisis in March 2009.[YONHAP]

Won hits 17-year low as surging energy prices, Fed hawkishness rattle market

The won closed above the psychological threshold of 1,500 against the dollar on Thursday, marking the first time it has done so since the global financial crisis 17 years ago.

2026.3.19

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Foreign exchange rates are displayed on an electronic board at Incheon International Airport Terminal 1 on March 18. [NEWS1]

Won flirts with crisis-era levels, adding to inflation strain amid escalating Middle East conflict

The escalating Middle East conflict is driving the dollar-won exchange rate toward historic levels, breaching the key 1,500 threshold three times over the past two weeks, giving rise to concerns about a new norm as long as the turmoil persists.

2026.3.18

Hana Travlog adds eight more currencies

Hana Card's travel debit card will now support eight additional currencies, allowing users to exchange Korean won and make transactions abroad.

2023.9.14

An electronic display board at Hana Bank in central bank shows won breaking 1,430 won in intraday trading on Monday. [YONHAP]

Rhee hems and haws on dollar swap as markets unravel

Korea's central bank continued to waffle on the issue of whether a currency swap with the United States is being pursued, even as the won collapsed and the financial markets in general were in turmoil.

2022.9.26

Electronic display boards at Hana Bank in central Seoul show Tuesday markets. [NEWS1]

Economic conditions are 'severe,' Yoon says, as won tanks

Current economic conditions are "severe," the presidential office said Tuesday, as the Finance Ministry warned speculators not to pile into the won trade, with the currency now at levels not seen in more than 13 years.

2022.8.23

An employee holds yen and dollar bills at a Hana Bank branch in Jung District, central Seoul, Wednesday. The Japanese yen plunged against the dollar to trade at the 120 yen to dollar level, the lowest since February 2016, from about 114 to 115 yen at the end of February. [YONHAP]

Bills, bills, bills

The Japanese yen plunged against the dollar to trade at the 120 yen to dollar level, the lowest since February 2016, from about 114 to 115 yen at the end of February.

2022.3.23

Won and Yuan aren't so close anymore

In the past, the won and yuan moved mostly in the same direction — when the yuan went up, so did the won. Recently, however, the link between the two currencies seemed to be losing force.

2022.3.17

Containers are stacked at the Gamman Container Terminal in Busan on Jan. 21. [YONHAP]

Squeeze is on as companies face higher costs, lower sales

Companies are growing anxious about rising costs on all fronts: materials, interest rates and foreign exchange to boot.

2022.2.9