# The Real Effective Exchange Rate Cited by Shin Hyun-song… To What Extent Has the “Undervaluation of the Won” Been Resolved? - EDAILY

> The won's real effective exchange rate has risen for three straight months and is up 11.7%, though it remains about 9% below its long-term average. The won-dollar rate has fallen by more than 200 won since the start of the second half, settling in the 1,300 range. Analysts cited in the report see fair value near 1,250 and possibly the 1,200 range next year.

- Date: 2026-11-02 · published 2026-11-02T06:09:44.441Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/74940-the-real-effective-exchange-rate-cited-by-shin-hyun-song-to-what-extent-has-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local-currency cost of dollar-priced imports such as feed grains and soymeal for Korean buyers. Continued appreciation would ease import costs if the trend holds, though it is a gradual shift rather than a sharp price driver.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.edaily.co.kr: https://en.edaily.co.kr/news/eda202610285581/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.