Korean won and Philippine peso lead declines among Asian currencies
The South Korean won and Philippine peso fell most against the dollar in Asian trading on October 28, according to Reuters data as of 0210 GMT.
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what happened
According to Reuters, at 0210 GMT on October 28 the South Korean won slipped 0.7% against the dollar to 1335.60 per dollar. The Philippine peso lost 0.3% to 64.05. The Indonesian rupiah and Thai baht fell 0.22% and 0.25% respectively, while the Japanese yen traded at 157.95 per dollar.
The yuan and Singapore dollar barely moved, while the Taiwan dollar and Malaysian ringgit gained.
why it matters
So far in 2026 the won has strengthened against the dollar by about 7.85%, while the peso has weakened 8.2% and the rupiah 8.33%. The mixed moves reflect differing regional capital flows and commodity prices, but the quotes themselves contain no forecast for further exchange-rate changes.
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sources
- South Korean won, Philippine peso lead declines among Asian currencies — Reuters, 28 October 2026 at 02:19 UTC
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