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The exchange rate of the South Korean won against the U.S. dollar has continued to decline recently, falling below the 1,316 won to 1 dollar mark in intraday trading on the 12th.
The Bank of Korea, the central bank of South Korea, announced on the 13th that it will raise the benchmark interest rate by 50 basis points to 2.25% from 1.75%.
The exchange rate of the South Korean won against the U.S. dollar has continued to decline recently, falling below the 1,316 won to 1 dollar mark in intraday trading on the 12th.
The Bank of Korea, the central bank of South Korea, announced on the 13th that it will raise the benchmark interest rate by 50 basis points to 2.25% from 1.75%.
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