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| The Korean won is suffering a fall in value against major currencies, including the U.S. dollar. gettyimagesbank |
By Jung Min-ho
The real value of Korean won compared to other major currencies has hit its lowest point in 19 months.
The latest real effective exchange rate (REER) indices compiled by the Bank for International Settlements (BIS) shows the exchange rate for the Korean currency was 110.2 points last month, the lowest since 109.64 points in September 2017.
REER is a measure of a country's currency value against a weighted average of several major currencies.
As of Monday, the Korean won is at 1,193 won against the U.S. dollar. Over the past few months, its value has weakened against the major trading partners' currencies, including the U.S. dollar, euro and yen.
Increasing trade tension between the U.S. and China is the key factor in the fall.
