Sunday, March 19, 2017

The real value growth this year won first place among 27 countries



[Korea Jeongseon financial newspaper reporters - showed that recorded the first among 27 major countries of South Korea won the real value growth this year.

19 days Bank for International Settlements (BIS) According February, the end of South Korea won the United States, Japan, Germany and other major 27 countries compared to the real effective exchange rate index (2010 = 100) is compared to last year (118.53) to 122.34 3.2% rise It showed. Since May 2015 (123.88) is the highest level in a year and 9 months.

REER is the real value of the currency boyeojwoseo trade partners to reflect price fluctuations is an indicator that gauge the competitiveness of national exports. The monetary value that is higher than 100, than the base year overvalued, it means they've reached the index rises trading partners currency appreciation against the real.

When you zoom in China, Brazil, Russia and emerging markets around the world to 61 countries based on the last year of the end of two real effective exchange rate index rose by 3.0% compared to last year (110.63) to 114.02 South Korea totaled jeolsangryul is a 7th level. Also it hits the top 90,000 global financial crisis was in 2008 after two months (118.75) years.

30 countries, 61 countries in this year's dwaetgo real appreciation of the currency, one country is held, 30 countries were depreciated. South Korea was higher than the national army was jeolsangryul include Brazil (6.1%), Russia (5.2%).

Meanwhile, Deputy Prime Minister yuilho met successively held the key 17 to 18 of 20 countries (G20) Finance Ministers and Central Bank Governors attending the meeting Finance Minister Simeon nusin-garde American and Christine called the International Monetary Fund (IMF), and then governor in Baden-Baden, Germany the possibility of specifying a currency manipulator month US Treasury focused in preventing the focus in advance.

Yu Deputy Prime Minister stressed the impact of the exchange rate as derived from Manado nusin minister to "no unilateral intervention by the authorities in the domestic foreign exchange market, the recent current account surpluses are demographic changes in South Korea, structural and economic factors, low dielectric is such as he is minor did. La garde governor who said dont rate, current account evaluation results on the evaluation of the Member States are cautious because the data reference when the US exchange reports.

US Treasury every year in April and October more than $ 200 billion US trade surplus with the exchange report, the current account surplus is more than 3% of the country's gross domestic product (GDP), the direction of the foreign exchange market intervention to prevent their currencies rising specify the country to meet the three requirements such as repeated currency manipulator.

Treasury has given the bar to be interpreted in the exchange rate observed countries report released in October last year, the six countries, including Korea, China, Japan, Germany, Switzerland, Taiwan currency manipulator in all phases of the assignment.

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