# Korean won's rapid decline against dollar likely to influence future rate cuts, says BOK head - The Korea Times

> Bank of Korea Governor Rhee Chang-yong said the won's rapid slide against the US dollar will be a critical factor in the pace of future rate cuts. The won traded at 1,392.5 per dollar, down from about 1,310 a month earlier, as the dollar kept strengthening after the October policy meeting.

- Date: 2024-10-27 · published 2024-10-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28100-korean-won-s-rapid-decline-against-dollar-likely-to-influence-future-rate-cuts
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the cost of imported feed inputs priced in dollars and can shift Korean import demand for grains and meal, while a slower easing path keeps financing costs elevated for Korean livestock and feed buyers.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20241027/korean-wons-rapid-decline-against-dollar-likely-to-influence-future-rate-cuts-says-bok-head

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