Rethinking the Exchange Rate Hunt I remember planning my first solo trip to Southeast Asia in my late 20s. I spent an entire Saturday morning obsessing over spreadsheets, comparing the exchange rate spreads between Hana Bank, Woori Bank, and a few local money changers near the city center. I was convinced that if I just…
Checking the bank app during lunch break I probably check my banking app way too often. It started when I was trying to figure out if I should move some extra cash into a dollar-denominated account. Everyone was talking about how the won-dollar exchange rate was hitting these weird peaks, and for a while, I…
Core FX fundamentals Foreign exchange is the market where currencies are bought and sold to enable cross-border trade and investment. Exchange rates determine how much of one currency you receive in terms of another, and they move continuously as participants react to new information. Grasping these basics helps you gauge how overseas investments convert back…