1.   And local currency debt tends to draw better credit ratings, which can mean lower borrowing costs for the issuer.

2.   As the government responds to a widening trade gap with higher domestic interest rates, however, investing in local currency debt becomes more attractive.

3.   - Outstanding foreign currency debt to be valued at the market exchange rate, not at the exchange rates agreed in the swap contracts.

4.   A stronger won reduces the cost of repaying foreign currency debt.

5.   A weaker ringgit increases the cost of payments on foreign currency debt, which hurts large borrowers like Telekom and Tenaga.

6.   A weaker won, while making exports more competitive, inflates the cost of repaying foreign currency debt.

7.   A weaker won makes it more expensive to repay foreign currency debt and undermines the value of won-denominated assets, such as stocks, for international investors.

8.   Companies with foreign currency debts attempted to sell their local currencies for dollars, and citizens moved their savings abroad.

9.   Companies also carry enormous foreign currency debt on their books.

10.   Companies with foreign currency debts attempted to sell their local currencies for dollars, and citizens moved their savings a broad.