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Reading: ‘They can buy up to $5,000 at one go’: Some money changers run out of Korean won after it falls to new low against Singapore dollar , Singapore News
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Econo Asia™ > Blog > News > Markets > Singapore Exchange (SGX) > ‘They can buy up to $5,000 at one go’: Some money changers run out of Korean won after it falls to new low against Singapore dollar , Singapore News
Singapore Exchange (SGX)

‘They can buy up to $5,000 at one go’: Some money changers run out of Korean won after it falls to new low against Singapore dollar , Singapore News

NEWSROOM
Last updated: 2024/04/16 at 4:33 PM
By NEWSROOM 1 Min Read
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With the cherry blossom season in full bloom, many Singaporeans may be heading to South Korea.

And with the won dipping to a 10-year low against the Singapore dollar, these travellers have even more to cheer about.

The won had already been gradually sliding against the Singapore dollar in the past month, according to foreign exchange website xe.com.

At 5.30pm last Friday (April 12), the exchange rate was 1018.16 won. At the time of publication, it is 1016.07 won.

Some money changers are seeing more customers buying the Korean won and in larger sums, with a handful saying they are selling out the currency early in the day.

The…



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TAGGED: {name:currencies, {name:Foreign Exchange, {name:Money, {name:South Korea, alias:/tags/currencies}, alias:/tags/foreign-exchange}, alias:/tags/money}, alias:/tags/south-korea}
NEWSROOM April 16, 2024 April 16, 2024
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