Korean won's nominal effective rate rises to 2-yr high

The Korean won's nominal effective exchange rate rose to its highest level in about two years, data showed Monday. According to the Bank for International Settlements, the won's nominal effective exchange rate stood at 94.83 as of last Tuesday, compared with the previous month's 91.99. It marked the highest level since Oct. 9, 2024, when the NEER was 94.91. The BIS' NEER measures a currency's value against those of major trading partners without adjusting for inflation, serving as a gauge of int

Source: The Korea Herald