Tag: Economy Basics

Exchange Rate Economy Basics Won-Dollar Inflation Financial Crisis Macro

1620 Won Shock on Airport Screens! 'Worst Exchange Rate' in 28 Years Since the Financial Crisis: How Will It Threaten Our Wallets?

In the second quarter of this year, the average won-dollar exchange rate hit its highest level since the 1998 Asian financial crisis, threatening to break through the 1600 won mark. We explain the causes of the strong dollar and its impact on our everyday cost of living using simple analogies.

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Exchange Rate Economy Basics New Normal Dollar Financial Crisis Macro

Exchange Rate at 1,500 Won: A Sign of National Collapse or the 'New Normal'?

There are predictions that the exchange rate in the 1,500 won range, previously only seen during financial crises, could become an everyday 'new normal'. We easily explain the bizarre phenomenon of the Korean won's value falling despite an export boom and its impact on our lives.

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