# South Korean won hits 15-year low as hawkish Fed, domestic politics weigh

> The South Korean won fell to its weakest level in 15 years, quoted at 1,448.9 per dollar in onshore trade on December 19. Pressure came from risk-averse sentiment after the Federal Reserve signaled caution on further rate cuts, along with domestic political uncertainty.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27186-south-korean-won-hits-15-year-low-as-hawkish-fed-domestic-politics-weigh
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients for Korean buyers, and dollar strength tends to weigh on dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-31 | [GBP/USD hits seven-month low as UK fiscal woes, Fed hawkishness weigh](https://feedsoft.ai/events/22675-gbp-usd-hits-seven-month-low-as-uk-fiscal-woes-fed-hawkishness-weigh.md) | +0.3% | -0.2% |
| DXY | 2026-09-17 | [South Korean Won Crashes to Three-Week Low Near 1,380 as Fed Hike, Dollar Surge and Foreign Outflows Hit KRW - Today Markets UAE](https://feedsoft.ai/events/17714-south-korean-won-crashes-to-three-week-low-near-1-380-as-fed-hike-dollar-surge.md) | +1.0% | +2.2% |
| DXY | 2022-01-28 | [Sterling hits year low vs dollar on Fed rate hike fears and UK political risks](https://feedsoft.ai/events/43376-sterling-hits-year-low-vs-dollar-on-fed-rate-hike-fears-and-uk-political-risks.md) | -0.9% | -0.6% |
| DXY | 2023-02-17 | [S.Korean won near 2-month low as US data fans Fed hike views - KED Global](https://feedsoft.ai/events/37544-s-korean-won-near-2-month-low-as-us-data-fans-fed-hike-views-ked-global.md) | +0.9% | +0.9% |
| DXY | 2020-08-24 | [EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms](https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms.md) | -1.0% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-korean-won-hits-weakest-since-march-2009-hawkish-fed-2024-12-19/

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