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Bank of Korea Governor Rhee said the won depreciated far beyond a reasonable level from November, and that the currency had slid as low as 1,480 per dollar late last month. He called for pension funds to hedge foreign exchange exposure, and the won has since recovered to above 1,430.
Won weakness raises the dollar cost of imported feed inputs in Korea, and the policy response aims to stabilize that cost. The won's recovery reduces near-term pressure on Korean feed import costs.
Not 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.