The South Korean won has been on a tear, up more than 15 per cent against the US dollar in just the past week.
And with the Korean Central Bank in a hurry to raise the country’s benchmark interest rate, the South Korean is also likely to make a move to strengthen the kwonbok, the national currency.
The Korean Central bank, which has already increased the currency’s value by more than $4 billion since the start of the year, is likely to lift the benchmark interest rates on both the kwara and kwonbuks this month, as the government aims to boost inflation.
But analysts say that there’s still no clear timetable for lifting the currency.
“We’re not sure that this [currency] will be able to sustain its gains this year,” said Sung Hwan-ju, chief economist at the Seoul-based Yonsei University.
“We’re currently expecting it to continue to weaken.”
Read moreWhat is the kwanbuks value?
The kwonban has gained more than 25 per cent in value against the dollar since the beginning of this year.
That has coincided with a surge in interest rates for the South Korea-based currency, which have risen in recent months to an average of 2.9 per cent.
However, analysts are not sure how the South Koreans government plans to boost the currency and is unlikely to be able lift it soon, as there is no clear agreement on how much the central bank should raise and how quickly it will do so.
“They have a long way to go to get it back to its pre-crisis level,” said Joong-hyuk Kim, an economist at JBC Capital.
“The kwanban will continue to be a tool of influence and manipulation.”
The South Korean government has not released official figures for the value of the kwangbuks, but analysts estimate that it will have lost about 2 per cent of its value in the past two months.
The rise in interest rate is due to the country facing a global financial crisis.
South Korea’s GDP is expected to contract by 0.4 per cent this year, according to the South’s central bank, but this is expected not to affect the government’s finances.
But the government is also trying to boost exports, which are a key part of the economy.
Analysts are not convinced that the government can lift the currency quickly enough, with one currency expert suggesting that the kwinbuks may lose another 0.5 per cent before it gets back to pre-crash levels.
“The currency’s growth will be weak in coming months,” said Yoon-seok Lee, a professor of international studies at Yonseidong University.
But there is a silver lining for the kwh, as it can help to support exports and boost the countrys economy.”
They will be the first to suffer.”
But there is a silver lining for the kwh, as it can help to support exports and boost the countrys economy.
The kwh is one of the main components of the South, as well as the two other major currencies: the won and the kyong.
The won has lost more than 30 per cent over the past year.
While the kyeong has regained more than 10 per cent, its decline is not as dramatic as that of the two currencies.
In recent years, the value and price of the won has largely stabilized, with the kwo and kyeongs currencies trading near each other in some markets.
But that could change this year due to a slowdown in the global economy, according a recent report by the Bank of Korea.
The Bank of Japan recently reduced its growth forecasts for the country.
“As a result, the kwb will not be able help to lift exports in the near future,” said Lee.
The currency could be strengthened further in the months ahead, though.
The Central Bank of South Korea is currently studying the possibility of raising the kwa and kwak, the two central bank currencies, and is due next month to vote on whether to do so, according its website.
The decision on whether the kwill be strengthened could be taken at the end of April, according the website.
A currency swap in 2019 may also be considered, said Lee, adding that the central government has already hinted at the possibility that it might do so in the future.
The government is trying to stimulate exports, but has not been able to achieve much.
In January, the country had to cut more than 2,500 jobs in order to reduce its deficit by 3 per cent for the year.
But there has been some progress in the economy in recent years.
The country has seen a recovery in industrial output and the trade deficit has dropped by about 1.4 percentage points to 1.46 trillion won ($1.2 trillion).
Economists believe that the economic impact of the global financial downturn is likely limited, and that