# Korean won suffers second-steepest depreciation in December amid martial law turmoil

> 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.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/26764-korean-won-suffers-second-steepest-depreciation-in-december-amid-martial-law
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20250126/south-korean-won-suffers-second-steepest-depreciation-in-december-amid-martial-law-turmoil

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