S. Korean currency rebounds from 17-yr low amid drop in oil prices | Yonhap News Agency

## Summary
OK SEOUL, March 17 (Yonhap) -- The South Korean currency gained against the U.S. dollar Tuesday, rebounding from a 17-year low in the previous session, supported by a decline in global oil prices. This Reuters file photo shows tankers sailing in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, the United Arab Emirates, near the border with Oman's Musandam Governorate, on March 11, 2026, amid the U.S.-Israeli conflict with Iran. (PHOTO NOT FOR SALE) (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) (News Focus) Iran crisis sharply weakens Korean won, fueling inflation, economic fallout concerns (2nd LD) S. Korean currency slips to fresh 17-yr low against U.S. dollar amid Iran crisis FX volatility reaches highest since COVID-19 pandemic amid Middle East tensions (3rd LD) Trump renews calls on S. Korean currency rebounds from 17-yr low amid drop in oil prices Next S.

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SEOUL, March 17 (Yonhap) -- The South Korean currency gained against the U.S. dollar Tuesday, rebounding from a 17-year low in the previous session, supported by a decline in global oil prices.
The won opened at 1,490 per dollar, up 7.5 won from the previous session's 1,497.5 won.
Monday's figure marked the weakest level since March 10, 2009, during the global financial crisis. It briefly touched the psychological and technical 1,500 won mark for the first time during regular trading hours in 17 years.
Global oil prices fell Monday as U.S. President Donald Trump renewed calls on allies to join efforts to keep the Strait of Hormuz open to ease supply disruptions.
There were also reports of non-Iranian oil tankers passing through the strategic waterway, including a Pakistani-flagged vessel.
The Strait of Hormuz has been effectively shut since the start of the U.S.-Israeli strikes on Iran earlier this month.
South Korea's foreign exchange and stock markets have shown heightened volatility amid rising tensions in the Middle East.
The benchmark Korea Composite Stock Price Index (KOSPI) opened 2.92 percent higher at 5,711.8 on Tuesday, led by gains in large-cap tech shares.
This Reuters file photo shows tankers sailing in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, the United Arab Emirates, near the border with Oman's Musandam Governorate, on March 11, 2026, amid the U.S.-Israeli conflict with Iran. (PHOTO NOT FOR SALE) (Yonhap)
graceoh@yna.co.kr
(END)
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S. Korean currency rebounds from 17-yr low amid drop in oil prices

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Korea, China, Japan, others to help keep Strait of Hormuz open Keywords #currency #FX market Articles with issue keywords Most Liked 16th Gwangju Biennale: You must change your life (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones (2nd LD) N.

### Implications
- This Reuters file photo shows tankers sailing in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, the United Arab Emirates, near the border with Oman's Musandam Governorate, on March 11, 2026, amid the U.S.-Israeli conflict with Iran. (PHOTO NOT FOR SALE) (Yonhap) graceoh@yna.co.kr (END) Related Articles (LEAD) (News Focus) Iran crisis sharply weakens Korean won, fueling inflation, economic fallout concerns (2nd LD) S.
- Korea, China, Japan, others to help keep Strait of Hormuz open Keywords #currency #FX market Articles with issue keywords Most Liked 16th Gwangju Biennale: You must change your life (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones (2nd LD) N.
- Korea, U.S. conduct joint drills Police vow zero tolerance for terror threats against BTS comeback concert Most Saved 16th Gwangju Biennale: You must change your life (2nd LD) N.
- Korea, U.S. conduct joint drills (LEAD) N.

### Expert Commentary
This article covers korea, won, amid topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 576.