# [Why&Next] Slight Exchange Rate Drop Following US Removal from Watchlist... Year-End Forecast at 1370 Won (Comprehensive) - The Asia Business Daily

> The won strengthened after South Korea was removed from the US Treasury currency monitoring list. The won-dollar rate was around 1,305 after a sharp short-term decline tied to a short-selling ban. Market experts forecast the rate would recover to 1,360-1,370 by year-end.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33420-why-and-next-slight-exchange-rate-drop-following-us-removal-from-watchlist-year
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won reduces the local-currency cost of dollar-priced feed imports, but analysts expect partial recovery in the rate. The effect on feed prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023110810365796024

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