# Korean won nosedives to lowest level in 17 years as war, stock sell-offs, strong dollar batter currency

> The won averaged 1,505.62 per dollar in the week to March 27, its weakest since the 2009 crisis, and March's monthly average was the fourth-weakest on record. Foreign investors sold a record 30.26 trillion won of Kospi shares in March, while the Middle East war and a stronger dollar added pressure.

- Date: 2026-03-29 · published 2026-03-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/20426-korean-won-nosedives-to-lowest-level-in-17-years-as-war-stock-sell-offs-strong
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Record foreign equity outflows and war-driven risk aversion are pushing the won lower, raising the cost of dollar-denominated feed imports for Korean buyers. Continued weakness would keep import parity elevated.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/korean-won-nosedives-to-lowest-level-in-17-years-as-war-stock-sell-offs-strong-dollar-batter-currency/12582930

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