[Breaking] BOK Governor Hyun Song Shin: “The exchange rate’s downward trend is part of a process of reversing an abnormal situation ... still weak”

[Financial News] Bank of Korea Governor Hyun Song Shin said at a press conference on the Monetary Policy Board’s monetary policy decision, held at the BOK in Jung-gu, Seoul, on the 22nd, “The recent downward trend in the won–dollar exchange rate is part of a process of reversing an abnormal situation, and volatility has fallen sharply.” He added, “The value of the won remains considerably undervalued compared with its average in previous years, and by the Bank for International Settlements (BIS) effective exchange rate measure, it is still weak.”
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