Won-to-dollar exchange rate drops 6.9% from end of 2016

It seems the local currency will continueits rally against the greenback,.

along with other Asian currencies.

According to a Seoul-based finance institution,.

The won-to-dollar exchange rate has fallen six-point-nine percent since the end of lastyear.

That's the biggest drop among major currencies.

Over the same period,.

the Taiwanese dollarand the Japanese yen also gained substantially against the U.

S.

dollar,.

both rising morethan six percent.

Experts believe the greenback will remainrelatively weak for the time being,.

as they expect another U.

S.

rate hike this year.

Source: Youtube

Won-to-dollar exchange rate drops 6.9% from end of 2016

It seems the local currency will continue its rally against the greenback,... along with other Asian currencies.
According to a Seoul-based finance institution,... the won-to-dollar exchange rate has fallen six-point-nine percent since the end of last year.
That's the biggest drop among major currencies.
Over the same period,... the Taiwanese dollar and the Japanese yen also gained substantially against the U.S. dollar,... both rising more than six percent.
Experts believe the greenback will remain relatively weak for the time being,... as they expect another U.S. rate hike this year.