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Monday, October 23, 2017

Iraqi Dinar Wins Against South Korean Won

Credit: DinarInsider
Iraqi Dinar Wins Against South Korean Won

Investors are discovering that foreign currencies offer more potential for higher gains than U.S. investments.

Investors are discovering that foreign currencies offer more potential for higher gains than U.S. investments. Among investors’ favorite currencies are the Iraqi Dinar (IQD) and the South Korean Won (KRW). And, when comparing the two, it seems the Dinar has some advantages.

Savvy individual investors are discovering that foreign currency investments offer a way to avoid sluggish returns in U.S. stock, bond and real estate markets. Foreign currencies such as the Dinar and Won seem very attractive with their potential for outsized gains.

Best of all, the right foreign currencies seem to be immune to the political and economic shocks that punish U.S. and European markets regularly. American investors with stagnant incomes and dwindling savings now seek fatter returns to offset their investment losses from the past.

South Korea and the Won

South Korea is a well-developed, industrialized nation with few natural resources and a stagnant economy. South Korea is best known as a densely-populated, fully-mature country whose primary business is manufacturing, especially consumer electronics and other products.

Still, this nation also lives in the shadow of its erratic neighbour, North Korea. This fact has weighed heavily on the value of the South Korean Won for many years. The idea of dirt-poor, hungry North Koreans allowing their relatively well-off neighbours in the South to live in peace seems unlikely.

Traditionally, each time a North Korean dictator becomes especially desperate for food or other aid to prop up his regime, he does something to scare the people of the South. Often, these actions by the North upset the economy of South Korea by fostering instability.

Of course, the depressed value of the Won has led to on-going speculation that it may suddenly soar upward in value if and when the two Koreas, North and South, were to somehow reconcile politically and economically.

Although some investors believe that the Won will rise, there are a number of reasons why the Iraqi Dinar is more likely to rise higher, and faster.

Read More: Iraqi Dinar Wins Against South Korean Won



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