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Industry Report

Industry reports, briefs issued by Samsung Economic Research Institute

Impact of the Weakening Yen

Impact of the Weakening Yen

CHANG Jae-Chul

Sept. 5, 2005

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The Korean Won has gained steadily against the Japanese Yen since the beginning of 2004. In August 2005 (more precisely between August 1 and 26), the average exchange rate stood at 9.2 Won to 1 Japanese Yen, an appreciation of 20.9% from January 2004. In comparison with January 2005, the Won's value rose 9.3% against the Japanese currency.


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