The won-dollar exchange rate soared 12 percent record the largest increase

Seoul on October 30 by the power of the United States and South Korea 30,000,000,000 U.S. dollars to sign currency swap deal news, 30 South Korean foreign exchange market, the won-dollar exchange rate soared 12.4 percent, a record in the history of the largest single-day increase. Bank of Korea announced on the 30th, with the U.S. Federal Reserve Board signed a ceiling of 300 billion U.S. dollars of currency swap agreements. Agreement will be valid until April 30, 2009. This was announced after South Korea for fear of inadequate supply of dollars in the foreign exchange market arising from the fear gone, the won strengthened significantly. Close, a sudden jump in the won against the dollar to 1250 won to 1 United States dollar, an increase of 177 won in the previous session. In addition to South Korea, Brazil, Mexico and Singapore, 3 States on the same day the central bank has also signed the Federal Reserve and the same amount of currency swap agreements, in order to obtain dollars, to address the financial crisis on financial markets and their impact on the real economy. Affected by this, States owned by the stock and foreign exchange markets have been lifted.