Most developed country currency in Asia maintain the 1.3 currency exchange rate
USD to WON: 1.375,10
USD to SGD: 32,53Â
USD to New Taiwan dollar: 1,34
yet Japan sat close to 1.6 currency exchange rate at 157,83
which is similar to most developing country in south east Asia
USD to Peso: 58,41Â
USD to IDR: 16.114,55
USD to Ringgit: 4.66
Why ?
only Australia and new Zealand is similar at 1,48Â and 1,63 for developed nation nearby
is it due to Japan zero Interest rate ? alot of capital flight ? or the Trade deficit ?
is quite surprising as an Indonesia seeing Japan reach Indonesia lvl of shit currency when less that 5 year ago 1 JPY is almost 150 IDR
guess that means more Japan vacation this year for me
by enterpriseftw