Seoul, July 5 (IANS) The South Korean won has fallen nearly 6 per cent against the US dollar this year, central bank data showed on Sunday, as foreign investors sold off more than 156 trillion won ($102.3 billion) worth of domestic stocks.The average exchange rate stood at 1,484.56 won per dollar during the first half of the year, according to the Bank of Korea’s Economic Statistics System.It marked the second-highest first-half average on record, behind 1,493.08 won in the first half of 1998 du…
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Seoul, Dec 31 (IANS) The local currency posted its weakest annual average against the US dollar ever this year, data showed on Wednesday, amid political turmoil and increased overseas stock investments by local investors.The won averaged 1,422.16 won against the greenback in onshore trading in 2025, the lowest level on record, according to market data, reports Yonhap news agency.The previous record yearly low of 1,398.39 won was set in 1998, when South Korea was hit by the Asian financial crisis…