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USD/KRW hit its highest level since March 2009 at an intraday peak of 1,536.04 on March 31, while the dollar index stayed nearly flat near 100.50. The Bank of Korea said it is not targeting a specific rate but is watching for herd-like behavior, and noted the won's move had accelerated after remarks by the nominee for the next BoK governor.
Because the move is driven by won weakness rather than a broad dollar rally, it raises Korean import costs specifically without a corresponding global price change. This adds a local premium to dollar-priced feed ingredients.
fxstreet.comGhiles GuezoutMar 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
