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The won-dollar rate rose about 13.2% over 2024, the largest annual increase since 2008, moving from around 1,300 to 1,472 by year-end. The fourth-quarter average of 1,398.8 won was the highest since early 2009, as political instability and US protectionism weighed on the currency.
Persistent won weakness raises the local cost of imported feed ingredients and may keep Korean buyers cautious on forward purchases.
asiae.co.krLee ChanghwanDec 30, 2024Not 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.
