Currency swap： Nightmare approaching South Korea ・ Part 1:
-Russia’s invasion of Ukraine-
Korean won:
Recently, the Korean won fell 3.21%.
Can the Korean won really become the key currency?
You can easily check it.
You can easily see it by looking at “the value of the won against the dollar, the rate of the won against the dollar”.
Seoul Forex Market:
When the exchange rate against the dollar exceeds 1200 won in the foreign exchange market,
There is a strong tendency to recognize that a crisis will come to the Korean economy in general.
Movement since the end of last year:
“The rate against the dollar is uneasy, centered around 1200 won (1190-1210 won),” he said.
Over the last few days, it has skyrocketed by more than 30 won.
It exceeded 1230 won.
A sharp rise in the rate against the dollar means a sharp drop in the value of the won.
What is the currency value of other countries?
Currency value of other countries:
February 8
Major national currencies against the dollar one month ago
March 8
The following is a comparison of the current rates against the dollar.
Brazilian real: up 3.79%
5.2593 Real → 5.0599 Real,
Australian dollar: up 1.75%
1.3992 AUD → 1.3749 AUD,
China / Yuan: 0.75% increase
6.366 yuan → 6.3178 yuan,
Saudi riyal: down 0.01
3.7516 riyal → 3.7518 riyal,
Indonesian Rupiah: 0.03% down
14390 rupiah → 14395 rupiah,
Japan / Yen: 0.1% down
115.53 yen → 115.65 yen,
Swiss franc: down 0.42%
0.9249 franc → 0.9288 franc,
Canadian dollar: down 1.45%
1.2703 CAD → 1.2888 CAD,
Indian Rupee: 2.94% down
74.6933 rupees → 76.89 rupees,
South Korea won: 3.21% decline
1198.5 won → 1237 won,
UK pound: down 3.4%
£ 0.738 → £ 0.7631
Mexican peso: down 3.65%
20.6159 pesos → 21.369 pesos,
Euro: down 4.71%
0.857 euros → 0.917 euros,
Turkish lira: down 6.85%
13.5589 Lira → 14.4882 Lira,
Russian ruble: down 61.4%
74.969 rubles → 121 rubles,
1 month (February 8 → March 8):
“The value of Japan / yen and China / yuan against the dollar is almost unchanged.”
Meanwhile, the value of the Korean won plummeted by more than 3%.
Currencies that plummeted by more than 3%:
Russian ruble,
Turkish lira,
EUR,
Mexican pesos,
Only British pounds.
After all, the Korean won is at the same level.
“It’s a currency similar to the Mexican peso that plunged,” he said.
Korean won’s key currency theory:
The Korean won could become the same key currency as the US dollar.
This is “just an illusion based on grandiose delusions.”
Russia’s invasion of Ukraine:
Against Russia’s invasion of Ukraine
The value of the Korean won plummets compared to other countries
It shows that the Korean economy is vulnerable.
Korean newspaper / politics