Friday, April 14, 2017

'Exchange rates, oil prices ↓' export and input prices declined for two months



[South Korea's Choice Financial News Reporter] Last month, the won / dollar exchange rate and international oil prices impacts showed that export prices and import prices, down two consecutive months.

According to the Bank of Korea, Export-Import Price Index in March 2017, it published 14th March import price index (2010 = 100, KRW) Preliminary fell 2.0% in February than 81.52. 2 Following the month (-2.1%) fell for two consecutive months.

By gwangsanpum this item was down by 3.7%, including raw materials falls, coal and oil products and chemical products were mainly intermediate goods also fell by 1.7%.

The Bank of Korea analyzed that 'import prices fell by the impact of international oil prices and the won-dollar exchange rate.

Last month, the won / dollar average exchange rate fell 0.9% to 1134.77 won two more months (1144.92 won).

March average price (based on Dubai crude oil) were down 5.9%, also a barrel than in February (US $ 54.39) to $ 51.20 per (bbl).

March seafood import price index rose 6.9% over March last year.

Export price index was also down 1.4% off the same level as in February. The susanpum agriculture, forestry and industrial goods fell by 2.2% and 1.4%, respectively.

The Bank of Korea said, "The won-dollar exchange rate fell among the coal and petroleum products, chemical products fell.

Seafood export price index rose 4.9% over March last year.

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