1.   Asian currencies have been tanking since Thailand devalued the baht in July.

2.   Asian currencies have been sinking since Thailand devalued the baht in July.

3.   Asian currencies started to plunge in July when Thailand devalued the baht.

4.   Companies that owed dollars realized they would be in trouble if the baht were devalued, so they bought dollars.

5.   Currency markets in Southeast Asia have been roiled since the Thai baht was devalued, followed by the Philippine peso.

6.   For the fourth time since Thailand devalued the baht last week, the Philippine central boosted its overnight rate.

7.   For the fourth time since Thailand devalued the baht last week, the Philippine central boosted the rate at which it borrows overnight from commercial banks.

8.   In July, Thailand dropped its defenses, devaluing the baht.

9.   In letting its currency weaken, Malaysia follows Thailand, which devalued the baht two weeks ago, and the Philippines, which yielded on the peso Friday.

10.   Korea is the latest Asian country hit by currency turmoil that began in July when Thailand devalued its baht.