# Won makes fastest gains among major Asian currencies - The Korea Times

> The Korean won was the strongest gainer among major Asian currencies over the month to June 16, rising 5.19% to 1,271.90 per dollar. Foreign investors bought a record $11.43 billion of Korean stocks and bonds in May.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/35728-won-makes-fastest-gains-among-major-asian-currencies-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won lowers Korea's dollar cost of imported feed grains and meal, supporting Korean buying appetite, though the move is a currency story rather than a supply shock.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20230619/won-makes-fastest-gains-among-major-asian-currencies

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