Korean won falls to 4th-lowest monthly level amid foreign outflows

The South Korean currency has fallen sharply to its fourth-lowest level against the US dollar in March amid a foreign selloff on the stock market, financial data showed Sunday. The won averaged 1,489.3 won per dollar through the first 27 days of March based on the daily won-dollar rate quoted at 3:30 p.m., according to data from the Bank of Korea and Yonhap Infomax. It marked the fourth-lowest monthly average on record, following 1,499.38 won in December 1997, 1,701.53 won in January 1998 and 1,

By The Korea Herald