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The won closed near 1,472.5 per dollar on December 30 after nearing 1,500 at one point, pushing the fourth-quarter average to 1,398.75, the highest since the 2008-09 crisis aside from 1998. Political instability after Trump's reelection and Yoon's martial law declaration, together with expected slower Fed cuts, drove the weakness.
A weaker won raises the local-currency cost of imported feed and grain for Korean buyers, and the trend is expected by analysts to continue into 2025.
businesskorea.co.krJung Min-heeDec 31, 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.
