[Exchange Rates and Interest Rates] Won Tracks Yen’s Path—Echoes of Low Birthrate and Aging Population
The won’s depreciation is increasingly linked to structural factors such as demographic aging, echoing Japan’s experience, as Bank of Korea policymakers weigh long-term risks and policy responses.
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.
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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.
South Korea’s won has dropped to its lowest real effective value since the global financial crisis, with the BIS REER index hitting 89.09 amid a sharp rise in the USD/KRW exchange rate and ongoing depreciation trends.
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Korean Won's Real Value Hits 2-Year, 4-Month Low - Below Emergency Decree Levels
Korean won's real value hits 2-year low, falling below emergency decree levels, as BIS data shows REER index at 90.9, signaling potential economic challenges and currency undervaluation
Korean Won's Real Value Slightly Recovers, Yen Remains Weakest
Korean won's real value slightly recovers but remains second-lowest among 64 countries, only surpassing Japanese yen, according to BIS data
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