# Lowest KRW-USD Exchange Rate in 6 Months... How Far Will It Fall? - The Asia Business Daily

> The Korean won opened at 1,317.7 per dollar on September 27, down 9.5 won from the prior session and at its lowest level since March. The move followed the Federal Reserve's 50 basis point cut and China's economic stimulus measures, which weakened the dollar; the dollar index hit its lowest level this year.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28546-lowest-krw-usd-exchange-rate-in-6-months-how-far-will-it-fall-the-asia-business
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger won lowers the local-currency cost of dollar-priced feed imports for Korea, supporting purchasing power for corn, soybean meal and other feed ingredients. The dollar weakness is also broadly supportive for dollar-denominated grain prices.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-27 | [Digesting the 'Jackson Hole Effect'... Won-Dollar Exchange Rate Hits 1,320 Level for the First Time in 5 Months - The Asia Business Daily](https://feedsoft.ai/events/29037-digesting-the-jackson-hole-effect-won-dollar-exchange-rate-hits-1-320-level-for.md) | +0.9% | -0.5% |
| DXY | 2024-05-16 | [Revived US September Rate Cut Expectations... Exchange Rate Opens at 1350 Won Level (Update) - The Asia Business Daily](https://feedsoft.ai/events/30501-revived-us-september-rate-cut-expectations-exchange-rate-opens-at-1350-won.md) | +0.2% | +2.2% |
| DXY | 2023-12-26 | ["Settling Around 1,200 Won?" Won-Dollar Exchange Rate Enters Stabilization Phase... Is the King Dollar Era Ending? - The Asia Business Daily](https://feedsoft.ai/events/32963-settling-around-1-200-won-won-dollar-exchange-rate-enters-stabilization-phase.md) | +0.2% | +1.2% |
| DXY | 2025-06-26 | [Is the era of a weak dollar coming... KRW-USD exchange rate falls to the 1,350 won range](https://feedsoft.ai/events/24449-is-the-era-of-a-weak-dollar-coming-krw-usd-exchange-rate-falls-to-the-1-350-won.md) | -0.9% | -0.6% |
| DXY | 2023-07-11 | [Ahead of the Monetary Policy Committee Meeting, Won-Dollar Exchange Rate Enters 1,200-Won Range: Future Outlook - The Asia Business Daily](https://feedsoft.ai/events/35282-ahead-of-the-monetary-policy-committee-meeting-won-dollar-exchange-rate-enters.md) | -1.5% | +0.1% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024092710054835214

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