There was no winner in the investment scene except the U.S. dollar in 2022, which has rallied as much as 18.6 percent during the year, and 8.4 percent (based on DXY: USD versus six major currencies) year-to-date until Dec. 23 with the recent retreat. Non-U.S. currencies have depreciated, with the Korean won not being an exception. It started the year at 1,189 won per dollar, and saw 1,440 won per dollar by Sept. 28, before coming down to 1,281 won per dollar by Dec. 23. The currency is down 7.2 percent vis-a-vis the U.S. dollar so far this year. It showed a rollercoaster ride just as other non-U.S. currencies did.