# [Financial Microscope] Oil Prices, Interest Rates, and the Economy: The Key Factors Shaping Korea's Exchange Rate Around Chuseok - The Asia Business Daily

> The won rebounded to around 1,350 per dollar on September 23 after falling oil prices and hopes for easing US-Iran tensions. Earlier in the month it had reached 1,336 and then hovered near 1,380 under high oil prices and foreign rate hikes.

- Date: 2026-09-23 · published 2026-09-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/17713-financial-microscope-oil-prices-interest-rates-and-the-economy-the-key-factors
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices reduce Korea's energy import bill and ease pressure on the won, which marginally lowers the local cost of imported feed ingredients.

## Read by commodity

- BRENT: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-07-28 | [Is peak oil finally here? OPEC prepares for age of falling demand \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/52288-is-peak-oil-finally-here-opec-prepares-for-age-of-falling-demand-business-and.md) | +1.3% | +3.2% |
| BRENT | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | -2.2% | +1.6% |
| BRENT | 2024-09-18 | [Oil prices fall as Fed rate cut stirs economic worries, storage report mixed \| Reuters](https://feedsoft.ai/events/28482-oil-prices-fall-as-fed-rate-cut-stirs-economic-worries-storage-report-mixed.md) | +1.5% | -0.2% |
| BRENT | 2019-06-04 | [Oil price slump: is this an economic warning?  - UNSW BusinessThink](https://feedsoft.ai/events/11309-oil-price-slump-is-this-an-economic-warning-unsw-businessthink.md) | +1.7% | +4.6% |
| BRENT | 2018-10-30 | [Oil prices fall as economic outlook deteriorates: Kemp](https://feedsoft.ai/events/9159-oil-prices-fall-as-economic-outlook-deteriorates-kemp.md) | -5.8% | -22.4% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2026092213533583387

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.