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South Korean Won

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South Korean Won


Down 27%

A month ago, South Korea's currency was down 33% for the year, making it the world's worst-performing major currency. Since then, though, the won has staged a mild comeback thanks to government measures to support the currency. Although the central bank has used billions of dollars to defend the won, Seoul still has a big pool of foreign-exchange reserves (over $240 billion as of August) to help the currency from falling further.