# Korean won hits 15-year low in Q2 amid FX, economic uncertainty   - KED Global

> The Korean won averaged 1,371.24 per dollar in the second quarter of 2024, its weakest quarterly average since Q1 2009, and fell to a 15-year low. The depreciation occurred without a major financial shock, amid high US rates keeping the dollar strong.

- Date: 2024-07-07 · published 2024-07-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/29517-korean-won-hits-15-year-low-in-q2-amid-fx-economic-uncertainty-ked-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Sustained won weakness raises the cost of dollar-priced feed ingredients for Korean buyers, supporting higher landed prices for imported corn, soybean meal and other feed inputs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- kedglobal.com: https://www.kedglobal.com/foreign-exchange/newsView/ked202407070002

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