People really don't understand exchange rates
Machine translated
People are asking, "It dropped to 1,350 won today, why is it crashing so hard? Why is it falling so much?"..
But the normal exchange rate for our country
is usually in the 1,200 won range.
If you look at the IMF, they have something called a
Real Effective Exchange Rate for each country, and based on that,
it is still high.
The 1,200 won range is the normal exchange rate.
The current drop in the exchange rate is the normalization of an abnormality,
yet people keep complaining about why it's falling.
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