The won-dollar exchange rate has surpassed the 1,450 Korean won mark and remains stubbornly high despite various government measures, including expanding the National Pension Service’s foreign exchange hedging scale.

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that the rich empirical patterns are in line with a partial ...

Learn the most common exchange rate mistakes when travelling overseas and how Singaporeans can avoid higher travel costs.

SEOUL, Oct 1 (Reuters) - The United States and South Korea agreed that foreign exchange interventions should be reserved for combating excessive volatility, without targeting exchange rates for competitive purposes, according to a joint statement released ...