The exchange rate, the value of each country’s money, I see as a function of its economic growth and interest rates.
If economic growth is relatively good and interest rates are high, investment increases overseas, which increases the value of the country’s money.
And if you look at the stock index of that country, you can measure how good the economy is and how much it’s going to get better or worse.
Recently, Japan’s Nikkei Index has risen steeply every day, and Japan is in a festive mood.
The S&P 500 in the U.S. is well over 5000, making a new history, and the Dow is on the verge of 40,000 points. Even though the benchmark interest rate in the U.S. is 5.50%, which is 2% higher than ours.
On the other hand, even though most major stock indices around the world are rising significantly, only Korea’s KOSPI index fell sharply from 3300 points to 2,600 points.
The Korean economy is still a problem, but there will be many problems in the future.
The same goes for the exchange rate of the dollar won.
Despite the fact that the dollar index has fallen from 113 to 115 to 103 to 105, the exchange rate of the Korean dollar is still stuck in the mid-1300 won range. Despite the sharp drop in the dollar, the value of the Korean won has not risen and is actually falling.
Korea’s economic growth and interest rate levels are not favorable to the value of the won.
In conclusion, it means that our economy is in a huge crisis right now. The real problem is that our economy is less likely to improve in the future.
It’s a general election. Politics is also a matter of livelihood. In other words, politics is an economy. This is not a time to just criticize the other party. We need to think hard about how to revive our economy and be evaluated in the general election with our policies and measures. That way, tomorrow will come.
The results of the nomination are the ruling party, the opposition party, and the internal feud is severe.
But before that, I’d like everyone to reflect on why I want to do politics. I see the exchange rate, or the value of each country’s money, as a function of its economic growth and interest rates.
If economic growth is relatively good and interest rates are high, investment increases overseas, which increases the value of the country’s money.
And if you look at the stock index of that country, you can measure how good the economy is and how much it’s going to get better or worse.
Recently, Japan’s Nikkei Index has risen steeply every day, and Japan is in a festive mood.
The S&P 500 in the U.S. is well over 5000, making a new history, and the Dow is on the verge of 40,000 points. Even though the benchmark interest rate in the U.S. is 5.50%, which is 2% higher than ours.
On the other hand, even though most major stock indices around the world are rising significantly, only Korea’s KOSPI index fell sharply from 3300 points to 2,600 points.
The Korean economy is still a problem, but there will be many problems in the future.
The same goes for the exchange rate of the dollar won.
Despite the fact that the dollar index has fallen from 113 to 115 to 103 to 105, the exchange rate of the Korean dollar is still stuck in the mid-1300 won range. Despite the sharp drop in the dollar, the value of the Korean won has not risen and is actually falling.
Korea’s economic growth and interest rate levels are not favorable to the value of the won.
In conclusion, it means that our economy is in a huge crisis right now. The real problem is that our economy is less likely to improve in the future.
It’s a general election. Politics is also a matter of livelihood. In other words, politics is an economy. This is not a time to just criticize the other party. We need to think hard about how to revive our economy and be evaluated in the general election with our policies and measures. That way, tomorrow will come.
The results of the nomination are the ruling party, the opposition party, and the internal feud is severe.
But before that, I want everyone to look back on why I want to do politics.