Arab Today, arab today wondollar volatility hits 3year high in q1
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

Won-dollar volatility hits 3-year high in Q1

Arab Today, arab today

Arab Today, arab today Won-dollar volatility hits 3-year high in Q1

The Bank of Korea
Seoul - QNA

Volatility in the won-dollar exchange rate hit a three-year high in the first quarter of this year as the foreign exchange market seesawed due to speculation over a possible U.S. interest rate hike, central bank data showed Thursday.

The daily foreign exchange variation of the won-dollar rate averaged 0.47 percent during the January-March period, marking the highest level since the fourth-quarter of 2011, when it hit 0.64 percent, according to the data compiled by the Bank of Korea (BOK).

The figure refers to how much the rate changes compared with the previous day's closing price.

It was in the 0.3 percent range before 2013, but has been on a rise since the fourth quarter of last year as it jumped to 0.47 percent, according to South Korea's News Agency(Yonhap).

The intra-day fluctuation reached 0.62 percent in the first three months of the year, the highest level since the fourth quarter of 2011, when it hit 0.81 percent.
The average gap between the intra-day high and low reached 6.8 won over the three-month period, as the local currency changed hands at an average of 1,100.3 won against the U.S. dollar on average.

"The foreign exchange market was very volatile in 2011 due to the eurozone crisis," the BOK said. "This year, the market was affected by the U.S. Federal Reserve's monetary policies." The Fed is expected to raise the key policy rate sometime this year after stopping its bond-buying program, but global financial markets have remained sensitive as it has not mentioned the exact timing of the rate hike.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wondollar volatility hits 3year high in q1 Arab Today, arab today wondollar volatility hits 3year high in q1

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wondollar volatility hits 3year high in q1 Arab Today, arab today wondollar volatility hits 3year high in q1

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday