The Asian currencies, including the South Korean won, gained today on the growth prospects of the Asian region and after the US Federal Reserve signaled yesterday that it may add more stimulus to support the economy.
The suggestion of the Fed that it may ease policy caused the dollar to drop against most currencies, including the Asian ones. The International Monetary Fund said that the economies of the Asian developing countries would grow 9.4 percent this year, while the economies of the advanced nations would expand only by 2.7 percent.
USD/KRW dropped from 1,131.25 to 1,121.00 as of 11:10 GMT today, following the drop to 1,117.35.
If you have any questions, comments or opinions regarding the South Korean Won,
feel free to post them using the commentary form below.