{"id":10302,"date":"2026-03-30T13:52:00","date_gmt":"2026-03-30T09:52:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/war-hits-asian-currencies-hard\/"},"modified":"2026-03-31T00:00:30","modified_gmt":"2026-03-30T20:00:30","slug":"war-hits-asian-currencies-hard","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/war-hits-asian-currencies-hard\/","title":{"rendered":"War Forces Asian Economies to Face Currency Declines: What It Means for Your Business and Investments"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>SINGAPORE \u2014 Policymakers across the Asia-Pacific region are confronting their most severe challenge since the Covid-19 pandemic, with limited options available as they strive to shield their economies from an energy crisis that is unfolding with greater intensity and urgency than elsewhere.<\/p>\n<p>Asia accounts for roughly 80% of the oil transported through the Strait of Hormuz. According to JP Morgan commodity analysts, the region is facing worsening shortages through April and May, demanding rapid and decisive responses from authorities.<\/p>\n<p>In Manila, jeepney drivers\u2014operators of the iconic, colorful minibuses\u2014are already grappling with diesel prices that have tripled. Vietnam is bracing for a potential jet-fuel shortage, while South Korea\u2019s leading cosmetics companies are urgently sourcing plastic resin needed for their skincare product containers.<\/p>\n<p>Similar to global trends, the impact of the US-Israeli conflict on Iran is translating in Asia to rising inflation and slowed economic growth.<\/p>\n<p>Many Asian currencies, some already under pressure, have experienced significant declines, ranking among the largest global losers. This situation evokes memories of the Asian financial crisis and leaves policymakers facing difficult decisions: raising interest rates, depleting foreign reserves, or risking further currency depreciation.<\/p>\n<p>This month, India\u2019s rupee, Indonesia\u2019s rupiah, and the Philippine peso have hit record lows against the US dollar, alongside significant downturns for the Japanese yen and South Korean won.<\/p>\n<p>\u201cThe key problem is Asian currencies were too weak before,\u201d said Alicia Garcia Herrero, Asia-Pacific chief economist for Natixis in Hong Kong. \u201cCentral banks&#8230; have no instruments. Economies are going to plummet and&#8230; they cannot cut rates anymore, not only due to inflationary pressures but because they had already cut too many times.\u201d<\/p>\n<p>The US dollar, one of the few safe havens in March, has recorded some of its most pronounced gains in Asia\u2014rising more than 4% against the South Korean won, Philippine peso, and Thai baht, compared to approximately 1.5% against the euro.<\/p>\n<p>Asian currencies remain close to their historic lows as a strong US dollar, bolstered by safe-haven demand amid the escalating Middle East conflict, intensifies pressure on central banks throughout the region. \u2014 Reuters<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitl8gaka{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitl8gaka:hover{border-color:#dc262688}\r\n.hitl8gakg1{position:absolute;inset:0;background:radial-gradient(ellipse at 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The ongoing energy shock in Asia-Pacific, exacerbated by geopolitical tensions in the Middle East, signals <strong>rising inflationary pressures and currency volatility<\/strong> that could ripple into Oman\u2019s economy given its strategic proximity and trade links. For businesses in Oman, this means <strong>heightened input costs and currency risks<\/strong>, urging smart investors and entrepreneurs to prioritize <strong>diversification of supply chains and currency risk management<\/strong>. Proactive steps now, such as hedging against forex exposure and exploring alternative energy sources, could transform these challenges into strategic advantages.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Policymakers in Asia-Pacific face a tough test as an energy shock hits hard. With Asia buying 80% of oil through the Strait of Hormuz, shortages will worsen. Rising inflation, falling currencies, and limited policy options threaten growth amid the US-Israeli conflict.<\/p>\n","protected":false},"author":2,"featured_media":10303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[4280,4205,4023],"class_list":["post-10302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-asia-pacific","tag-currency-depreciation","tag-energy-crisis"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/03\/3336383.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=10302"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10302\/revisions"}],"predecessor-version":[{"id":10304,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10302\/revisions\/10304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/10303"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=10302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=10302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=10302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}