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Foreign exchange rates determining factors
Posted on 5/9/13 at 6:16 am
Posted on 5/9/13 at 6:16 am
I know this may be an odd question. Korea's central bank cut their key interest rate today in a move that I think is meant to help them compete with Japan in the foreign export (electronics?) market. I think. I know very little about economics. My question is: will this affect the Won/Dollar exchange rate and if so in which direction?
1
Posted on 5/9/13 at 8:07 am to keakdasneak
Won weakens vs. the dollar.
Posted on 5/9/13 at 8:12 am to LSURussian
Thank you.
Posted on 5/9/13 at 8:23 am to keakdasneak
This graphs shows when the Korean central bank cut rates. Notice the dollar strengthening in the last 24 hours vs. the previous trend.
Posted on 5/9/13 at 8:39 am to LSURussian
How much effect would you expect this to have and over what period of time? I see I missed a good window to transfer money home but I'm not sure whether to just wait now.
Posted on 5/9/13 at 8:47 am to keakdasneak
I have no insight into answering your questions. Sorry.
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