# This Year’s Exchange Rate Surges 13.2%... Highest Increase in 16 Years - The Asia Business Daily

> 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.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27190-this-year-s-exchange-rate-surges-13-2-highest-increase-in-16-years-the-asia
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Persistent won weakness raises the local cost of imported feed ingredients and may keep Korean buyers cautious on forward purchases.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024123108004637865

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