South Korean Won Remains Volatile

2026-03-10 06:35 By Erika Ordonez 1 min. read

The South Korean won fluctuated around 1,470 per dollar, remaining highly volatile amid mounting uncertainties in the Middle East and sharp swings in oil prices.

The won rallied on Monday as the dollar retreated after US President Donald Trump suggested the Iran conflict could be nearing its end, causing a drop in oil prices and easing inflation concerns.

However, the won continued to face selling pressure from foreign investors and a firm dollar, while investors stayed cautious over geopolitical developments.

Given South Korea’s heavy dependence on imported energy, fluctuations in crude prices continued to fuel concerns about rising import costs and inflation.

Investors monitor policy responses after Finance Minister Koo Yun-cheol said the government could deploy all available tools, including a possible supplementary budget and measures to stabilize domestic fuel prices, aimed at cushioning the economic impact of Middle East tensions.



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