SINGAPORE: The South Korean won hit a 16-month high on Friday to cap the best year since the global financial crisis and led gains among emerging Asian currencies,with a brighter 2013 outlook for regional units with hopes for more inflows to the area.
The won ended this year's local session up 7.6 percent against the dollar, its largest annual percentage gain since 2009. Inflows to South Korea's stocks and bonds, as well as continuous demand from exporters, powered the won.
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