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Bank for International Settlements data show the Korean won's real effective exchange rate fell to 91.3 at the end of December 2024, the second-lowest among 64 countries. The decline followed political turmoil after the short-lived martial law declaration, with the won reaching 1,486.7 per dollar by December 27.
A weak won raises Korean buyers' cost of imported grains and meals, which can curb import demand at the margin. The effect on world prices is limited.
koreatimes.co.krYonhapFeb 1, 2025Not 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.
