South Korean won falls 6% against dollar
The South Korean currency (the won) experienced a decline of around 6% during the year, with its average exchange rate against the dollar reaching 1,484.56 won in the first half of the year, hitting a record high since the 1998 crisis. The dollar's exchange rate surpassed 1,500 won for the first time since the global financial crisis and has remained above that level since March, decreasing to 1,549.4 won at the end of June, the lowest level since 2009. Despite this, the country's foreign exchange reserves increased to $427.36 billion in June, even though the currency was ranked among the worst performers this year.
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