Korean won hits 18-year high against Japanese yen on booming chip exports
A boom in Korea's semiconductor exports has strengthened the won, pushing it to its highest level against the Japanese yen in 18 years and 9 months, analysts said Wednesday. According to Hana Bank, the won-yen exchange rate fell as low as 844.16 won per 100 yen in intraday trading Wednesday, its lowest level since January 2008, when it stood at 837.58 won. The rate had hovered between 930 and 950…
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