{
  "id": 16538676,
  "title": "Korean won's nominal effective rate rises to 2-year high",
  "url": "https://urgent.news/2026/10/26/korean-wons-nominal-effective-rate-rises-to-2-year-high",
  "topic": "world",
  "section": "World",
  "published": "2026-10-26T00:47:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261026/korean-wons-nominal-effective-rate-rises-to-2-year-high"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korean won's nominal effective exchange rate (NEER) has reached a two-year high, reaching 94.83 as of last Tuesday, according to data from the Bank for International Settlements (BIS). This marks the highest level since October 9, 2024, when the NEER was 94.91. The NEER, which measures a currency's value against major trading partners without adjusting for inflation, provides insight into the international price competitiveness of a nation's currency. The won's NEER had previously fallen to 85.9 after the U.S.-Iran war broke out in late February and further to 81.99 in June due to foreign investors' stock sell-off. However, it has since rebounded as the won has strengthened against the U.S. dollar, with the won-dollar exchange rate averaging 1,358.8 won per dollar in September and 1,337.2 won over the first 23 days of October.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Korean won's nominal effective rate rises to 2-yr high",
        "url": "https://urgent.news/2026/10/25/korean-wons-nominal-effective-rate-rises-to-2-yr-high",
        "published": "2026-10-25T23:51:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}