# "Increase in Ants' Overseas Investment Drives Won-Dollar Exchange Rate Rise" - The Asia Business Daily

> Hana Securities analysts say rising overseas investment by Korean asset managers, insurers and individual investors is adding demand for dollars and pushing the won-dollar rate higher. They expect the US-Eurozone rate gap to widen toward year-end, supporting the dollar.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30499-increase-in-ants-overseas-investment-drives-won-dollar-exchange-rate-rise-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

Sustained dollar demand from capital outflows would keep won-denominated feed import costs elevated.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-29 | [Won-Dollar Exchange Rate Surpasses 1,350 Won for the First Time in 13 Years and 4 Months... Hits Another Record High (Comprehensive) - The Asia Business Daily](https://feedsoft.ai/events/40283-won-dollar-exchange-rate-surpasses-1-350-won-for-the-first-time-in-13-years-and.md) | +0.6% | +4.4% |
| DXY | 2023-10-24 | [Dollar rises as US business activity ticks up in October](https://feedsoft.ai/events/33815-dollar-rises-as-us-business-activity-ticks-up-in-october.md) | +0.1% | -2.5% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |
| DXY | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | +0.6% | -1.1% |
| DXY | 2026-07-29 | [With the central exchange rate surpassing its peak, will year-end pressure increase?](https://feedsoft.ai/events/18662-with-the-central-exchange-rate-surpassing-its-peak-will-year-end-pressure.md) | -0.9% | -2.0% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024053107440138446

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