Korean currency's volatility rises in 2013
Seoul - Yonhap
The daily volatility of the South Korean currency rose in 2013 compared with a year earlier due to geopolitical risks and the Federal Reserve's monetary stimulus tapering, the central bank said Tuesday. The average daily volatility of the local currency reached 5.2 won last year, compared with 4.2 won the previous year, according to the Bank of Korea (BOK). It recorded 3.4 won in the fourth quarter of last year, smaller than 5.3 won in the third quarter
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