# Won-Dollar Exchange Rate Closes Up Nearly 16 Won... "Volatility to Continue for the Time Being" (Update) - The Asia Business Daily

> The won-dollar rate closed up nearly 16 won at 1,305.8 on December 1, as the euro weakened and foreigners net sold about 167.1 billion won of stocks. Analysts said daily swings of more than 15 won are likely to continue, reflecting domestic confidence concerns.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32969-won-dollar-exchange-rate-closes-up-nearly-16-won-volatility-to-continue-for-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Sharp won weakness raises the local-currency cost of dollar-priced feed imports into Korea, adding to buyer cost pressure.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023120116270892307

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