# South Korea vows to fight volatility after won hits three-month low - The Business Times

> South Korea's finance minister promised swift action against excessive volatility in the won after it slumped more than 5% in October to a three-month low near 1,400 per dollar. Officials across Asia are growing nervous as the dollar strengthens and traders price in possible US tariffs under a Trump presidency.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28101-south-korea-vows-to-fight-volatility-after-won-hits-three-month-low-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency stress in Korea raises the local-currency cost of dollar-denominated feed imports, and the tariff risk priced in by traders could redirect trade flows, with modest upward pressure on import costs.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-27 | [South Korea: Stocks wobble, won slides on Fed rate hike worries - The Business Times](https://feedsoft.ai/events/66719-south-korea-stocks-wobble-won-slides-on-fed-rate-hike-worries-the-business-times.md) | +0.1% | -0.1% |
| DXY | 2019-07-28 | [C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times](https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the.md) | +0.6% | +1.5% |
| DXY | 2024-06-11 | [Euro drops to a one-month low; US dollar firms ahead of key inflation test  - The Business Times](https://feedsoft.ai/events/29986-euro-drops-to-a-one-month-low-us-dollar-firms-ahead-of-key-inflation-test-the.md) | +0.3% | -0.6% |
| DXY | 2022-09-22 | [South Korean won tumbles after Fed hike despite official warnings - Markets - Business Recorder](https://feedsoft.ai/events/39823-south-korean-won-tumbles-after-fed-hike-despite-official-warnings-markets.md) | +1.9% | +1.8% |
| DXY | 2017-11-29 | [Canadian dollar hits near 4-week low versus firmer US$ - The Business Times](https://feedsoft.ai/events/68198-canadian-dollar-hits-near-4-week-low-versus-firmer-us-the-business-times.md) | +0.2% | +0.5% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korea-vows-fight-volatility-after-won-hits-three-month-low

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