Won value near global bottom? Approaching ‘lowest level since financial crisis’
The won’s value continues to weaken, with the phrase “post-financial crisis low” reappearing. Based on the BIS (Bank for International Settlements) nominal effective exchange rate (NEER), the won’s broad index has fallen to the 86 level. Key Indicator: BIS Nominal Effective Exchange Rate (NEER) 86s According to data on the BIS Broad Nominal Effective Exchange … Read more