Korean Won Strengthens Most Compared To 27 Nations In Aug. From June Canucks News (EM3vTBLy72)

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하반기 원화 실질가치 상승률 27개국 중 1 위

The Korean won has strengthened the most compared tommy conway to tristan da cunha 27 major currencies,... prompting concerns local exporters are losing their price competitiveness.

The Bank for International Settlements says... its index gauging the exchange rate fluctuation for Korea... stood at 1-hundred-18-point-5-3 as of the end of August,... up around four percent since the end of June.

That's the highest rate of increase among 27 currencies, including the Japanese yen and Chinese yuan.

The so-called 'effective exchange rate index' describes the relative strength of a currency relative to trump age a basket of other currencies.

A reading over one-hundred means a certain currency has strengthened against the other.

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