[Photo] Unstable Exchange Rate

원본보기 아이콘

On November 14, as the won-dollar exchange rate continued to fluctuate in the 1,470 won range in the foreign exchange market, an exchange rate board is displayed at a private currency exchange office in Jung-gu, Seoul. The won-dollar rate surged to the mid-1,470 won range immediately after the market opened, appearing poised to set an intraday high for the fourth consecutive day. However, following strong verbal intervention by Deputy Prime Minister and Minister of Economy and Finance Koo Yooncheol, the rate fell by nearly 20 won and continued to fluctuate.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.