Korean won falls amid oil price volatility as Middle East conflict continues | Yonhap News Agency

## Summary
OK SEOUL, March 11 (Yonhap) -- The South Korean currency fell slightly against the U.S. dollar Wednesday, following a marked increase the previous day, as heightened market volatility continued amid the Middle East crisis. Officials work at a dealing room of Hana Bank in Seoul on March 10, 2026. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Seoul shares open higher amid oil price swings Gov't to mobilize all policy tools in dealing with Middle East-related economic uncertainties (LEAD) Iran operation will end when Trump determines military objectives have been met: White House Keywords #Korean won Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S. Korea to Middle East: report (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats Enhypen reshaped as six-member group with Heeseung's departure Train service between Beijing, Pyongyang to resume this week for 1st time in 6 yrs (LEAD) Lee says possible shift of USFK's military assets won't affect deterrence against N. Korea Protest against Japan's radioactive water discharge prev Korean won falls amid oil price volatility as Middle East conflict continues Next Korean won falls amid oil price volatility as Middle East conflict continues

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SEOUL, March 11 (Yonhap) -- The South Korean currency fell slightly against the U.S. dollar Wednesday, following a marked increase the previous day, as heightened market volatility continued amid the Middle East crisis.
The won opened at 1,474 per dollar, down 4.8 won from the previous session.
The foreign exchange market and global oil prices have shown high volatility since last week as the U.S.-Israeli attacks on Iran have escalated tensions across the broader Middle East region.
Global oil prices experienced sharp intraday swings overnight amid mixed messages from U.S. officials about the country's escort of oil tankers through the Strait of Hormuz.
On Monday, the won fell to its lowest level since March 12, 2009, when the country was reeling from the global financial crisis but sharply rebounded the following session after U.S. President Donald Trump hinted that the war could end soon.
The benchmark Korea Composite Stock Price Index (KOSPI) opened 2.28 percent higher at 5,658.72 on Wednesday amid easing risk-off sentiment, as institutional buying offset foreign selling.
Officials work at a dealing room of Hana Bank in Seoul on March 10, 2026. (Yonhap)
graceoh@yna.co.kr
(END)
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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- The benchmark Korea Composite Stock Price Index (KOSPI) opened 2.28 percent higher at 5,658.72 on Wednesday amid easing risk-off sentiment, as institutional buying offset foreign selling.
- Officials work at a dealing room of Hana Bank in Seoul on March 10, 2026. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Seoul shares open higher amid oil price swings Gov't to mobilize all policy tools in dealing with Middle East-related economic uncertainties (LEAD) Iran operation will end when Trump determines military objectives have been met: White House Keywords #Korean won Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S.

### Implications
- President Donald Trump hinted that the war could end soon.
- Officials work at a dealing room of Hana Bank in Seoul on March 10, 2026. (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) Seoul shares open higher amid oil price swings Gov't to mobilize all policy tools in dealing with Middle East-related economic uncertainties (LEAD) Iran operation will end when Trump determines military objectives have been met: White House Keywords #Korean won Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S.
- Korea to Middle East: report (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats Enhypen reshaped as six-member group with Heeseung's departure Train service between Beijing, Pyongyang to resume this week for 1st time in 6 yrs (LEAD) Lee says possible shift of USFK's military assets won't affect deterrence against N.

### Expert Commentary
This article covers korean, amid, middle topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 525.