When did the South Korean won have the strongest value against the US dollar?
During Lee Myung-bak's term
During Roh Moo-hyun's term
During Park Geun-hye's term
During Moon Jae-in's term
Answer
During Roh Moo-hyun's presidency (2003-2008), the South Korean won appreciated against the US dollar, reaching its strongest value in 2007. This was due to a number of factors, including strong economic growth in South Korea, low interest rates in the United States, and the appreciation of the yen against the dollar. However, the won began to depreciate against the dollar in 2008 due to the global financial crisis.
Discovering the Legacy: Test Your Knowledge on Roh Moo-hyun, the Former President of South Korea
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