(MENAFN- Qatar News Agency) Oul june 09 (qna) - the won-yuan exchange rate has recorded a record low in three years as the korean won continues to stay strong and the chinese currency remains low.
according to bloomberg on monday the won-yuan exchange rate stood at 163-point-1774 yuan per won.
it is the lowest rate since july 2011 and marks a 27% drop compared to 2005 according to (kbs world) website.
concerns are rising that such a drop will undermine the competitiveness of south korea's exports to china.
according to the south korean ministry of trade industry and energy south korea's exports to china fell 9.4% year-on-year in may to 11.3 billion. (qna)
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