Korea-U.S. Trade Partnership: KORUS FTA: Working Together for Growth and Job Creation
Facebook Twitter Flickr Subscribe to our e-newsletter
Home | Facts and Figures | Currency Questions

Currency Questions

 

The value of the Korean Won is determined by market, including economic fundamentals and supply and demand of foreign exchange.

1. The Won is Flexible

2. The IMF evaluated that Korea’s exchange rate belongs to the category of “floating currency,”* where the exchange rate is determined on the basis of supply and demand in the foreign exchange market.

Download PDF