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The South Korean won weakened against the US dollar in mid-August 2023, trading around 1,324.9 per dollar on August 11 after several weeks of swings. Daily fluctuations grew in August, with moves above 10 won on nearly one of every nine trading days.
Analysts linked the pressure to a strong dollar and a sluggish Chinese economy.
A weaker won raises the local-currency cost of imported feed ingredients and can pressure Korean feed buyers' margins. The effect on grain prices is indirect, since the move reflects currency and macro conditions rather than supply.
pulse.mk.co.krAug 14, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
