Won-to-dollar exchange rate records below 1,100 during trading hours Thursday

The won-to-dollar exchange rate has droppedbelow the one-thousand-100 mark for the first time since September 2016.

The local currency closed at a 13-month highagainst the U.

S.

dollar Thursday, at one-thousand-one-hundred-one-won, up eleven won from the previous day's close.

It has appreciated nearly nine percent againstthe greenback since the start of the year,.

thanks to Korea's strong economic fundamentalsdriving up demand for the currency.

Korea's real GDP expanded one-point-four percenton-quarter in the third quarter, nearly double market expectations.

A new currency swap deal signed between Koreaand Canada also played a part in driving up the local currency.

Source: Youtube

Won-to-dollar exchange rate records below 1,100 during trading hours Thursday

전일 원•달러 환율 장중 달러당 1100원선 깨져
The won-to-dollar exchange rate has dropped below the one-thousand-100 mark for the first time since September 2016.
The local currency closed at a 13-month high against the U.S. dollar Thursday, at one-thousand-one-hundred-one-won, up eleven won from the previous day's close.
It has appreciated nearly nine percent against the greenback since the start of the year,... thanks to Korea's strong economic fundamentals driving up demand for the currency.
Korea's real GDP expanded one-point-four percent on-quarter in the third quarter, nearly double market expectations.
A new currency swap deal signed between Korea and Canada also played a part in driving up the local currency.


Arirang News Facebook: http://www.facebook.com/arirangtvnews
------------------------------------------------------------
[Subscribe Arirang Official YouTube]
ARIRANG TV: http://www.youtube.com/arirang
ARIRANG RADIO: http://www.youtube.com/Music180Arirang
ARIRANG NEWS: http://www.youtube.com/arirangnews
ARIRANG K-POP: http://www.youtube.com/arirangworld
ARIRANG ISSUE: http://www.youtube.com/arirangtoday
ARIRANG CULTURE: http://www.youtube.com/arirangkorean
------------------------------------------------------------
[Visit Arirang TV Official Pages]
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
Homepage: http://www.arirang.com
------------------------------------------------------------
[Arirang K-Pop]
YouTube: http://www.youtube.com/arirangworld
Facebook: http://www.facebook.com/arirangkpop
Google+: http://plus.google.com/+arirangworld