Monday, December 19, 2011

Kim Jong Il's Death; Korean Won; Structural Breaks


A picture paints a thousand words, but let me add a few other captions. Kim Jong Il died on Saturday, 17th December, 2011. On Monday, 19th December, 2011, this was the exchange rate between Singapore/S.Korea Won. I assume all other currencies to the Korean Won had the same effects. A structural break I presume, with worries about succession plans and the geo-political stability of the region.

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