Yonhap Infomax NewsSouth Korea’s won fell to its lowest real effective value since April 2009, with the REER index dropping for five straight months and ranking second weakest among 64 global currencies, only ahead of the Japanese yen.
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Won’s Real Effective Exchange Rate Hits Lowest Since April 2009—Ranks Second Weakest Among 64 Currencies, Only Ahead of Yen
South Korea’s won fell to its lowest real effective value since April 2009, with the REER index dropping for five straight months and ranking second weakest among 64 global currencies, only ahead of the Japanese yen.