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The Korean won rose to 1,422.5 per dollar on January 28, its strongest level since October 20, 2025, as the dollar index fell to its lowest since 2022. The won had earlier slid to a multi-year low below 1,480 late in January.
A firmer won cuts the local cost of dollar-priced feed grains and meal for Korean buyers. The gain reflects broad dollar weakness rather than any change in grain fundamentals.
en.yna.co.krOh Seok-minJan 28, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
