Won/yen exchange rate highest in 26 months, average of 31 won increase in a month

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Video Discription: The Japanese yen rose to its highest level against the Korean currency in more than two years last month.
According to the Bank of Korea,... a hundred yen would buy,... on average, around one-thousand-30-and-a-half Korean won.
That was 31 won higher than the average rate in December... and the highest in 26 months.
The Japanese currency is considered a safe haven for investors, amid growing concerns of a slowdown in the global economy.
An expensive yen is bad news for Koreans traveling to Japan, but encouraging news for Korean businesses exporting to Japan.


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