Currency

The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.

May 09, 2026 Ti AI ṣe iroyin

The Kenyan shilling stayed steady against the dollar this week even as the U.S. currency weakened for a second straight week. The local unit closed at Ksh129.19, unchanged from April 30.

Finance Minister Koo Yun-cheol said on Friday in Washington that the Korean won has stabilized against the U.S. dollar at around 1,460 won per dollar following Iran's reopening of the Strait of Hormuz. He expressed hopes that the won will appreciate in line with market expectations. Koo was in the U.S. capital for G20 finance ministers and central bank governors meetings.

April 15, 2026 Ti AI ṣe iroyin

The South Korean won strengthened further against the U.S. dollar after U.S. President Donald Trump hinted at resuming peace talks with Iran. It closed at 1,474.2 per dollar on April 15, up 7 won and marking a second consecutive session of gains.

Seoul stocks plunged 4.47% on U.S. President Donald Trump's renewed threats against Iran, closing the benchmark KOSPI at 5,234.05 after a 244.65-point drop. The Korean won weakened to 1,519.7 against the dollar. Hopes for a swift end to the monthlong Middle East war faded, driving global oil prices higher.

March 31, 2026 Ti AI ṣe iroyin

The Indian rupee depreciated by 9.88% against the US dollar in FY26, marking it as Asia's weakest currency amid record foreign investor outflows and surging oil prices. The Reserve Bank of India intervened to stabilize the currency, while domestic funds provided a record cushion against the exits. Equity indices like Nifty and Sensex recorded their worst fiscal performance since FY20.