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US Dollar/Korean Won FX Spot Rate

Malaysia won’t use monetary policy as tool to prop up ringgit

by Walter Watson
Malaysia won’t use monetary policy as tool to prop up ringgit

Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank’s deputy governor. Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s …

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Gold is selling like hot cakes in Korea’s convenience stores, vending machines

by Walter Watson
Gold is selling like hot cakes in Korea’s convenience stores, vending machines

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023.  Bloomberg | Bloomberg | Getty Images Aside from ramen and sausages, South …

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Japan-South Korea coordinated currency intervention may need U.S. support

by Walter Watson
Japan-South Korea coordinated currency intervention may need U.S. support

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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South Korea’s kimchi premium in the spotlight after BTC’s record highs

by Walter Watson
South Korea’s kimchi premium in the spotlight after BTC’s record highs

A bowl of kimchi, a fermented vegetable side dish that is a staple in all Korean meals Kitzcorner | Getty Images You may have heard of the “Korea discount” in …

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Asian currencies that will benefit the most from the Fed’s rate cuts

by Walter Watson
Asian currencies that will benefit the most from the Fed’s rate cuts

The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images …

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