This Currency Reigns Supreme in Asian Emerging-Market Plays
- South Korea has deeper, more advanced market, ANZ says
- Won is Asia’s ‘trade performance proxy’: Standard Chartered
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As the most sensitive emerging Asian currency, South Korea’s won provides the best proxy for investors looking to bet on how the region reacts to U.S. President Donald Trump.
The currency’s volatility is 11 percent for the past year, more than all of its peers in the region, including the Malaysian ringgit and Indonesian rupiah, according to data compiled by Bloomberg. The won is also the strongest, rising 5.3 percent against the dollar year-to-date.