# Q4 Average Exchange Rate Nears 1,400 Won, Highest Since Financial Crisis in 1997 - Businesskorea

> 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.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27191-q4-average-exchange-rate-nears-1-400-won-highest-since-financial-crisis-in-1997
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- businesskorea.co.kr: https://www.businesskorea.co.kr/news/articleView.html?idxno=232828

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