currency exchange rate Archives

Brexit Fallout Spurs Direct Purchasing from Britain

SEOUL, June 27 (Korea Bizwire) – Brexit, the U.K’s decision to leave the European Union (EU), is quickly driving down the value of the British pound, and Korean shoppers are rushing to Britain’s online markets to take advantage of favorable exchange rates. Customers were quick to react to news of the ‘leave’ campaign’s victory, and started [...]

Sales Growth at Korean Firms Hits 5-year Low on Oil Prices, Currency

SEOUL, Dec. 26 (Korea Bizwire) — South Korean companies saw the lowest on-year sales growth in more than five years in the third quarter of this year as unfavorable currency exchange rates and weakening oil prices hit exporters, central bank data showed Friday, raising concerns over their flagging growth potential. Sales growth at 1,670 local [...]