# [Why&Next] Will the Sharp Rise in Won-Dollar Exchange Rate Recur?... Emphasis on Downward Stabilization - The Asia Business Daily

> Asia Business Daily analysis says the US-Korea benchmark rate gap has widened to a record 1.75 percentage points, raising concern about another won-dollar rise. Experts expect the won to stabilize downward as US tightening nears its end and the dollar weakens.

- Date: 2023-05-07 · published 2023-05-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/36198-why-and-next-will-the-sharp-rise-in-won-dollar-exchange-rate-recur-emphasis-on
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-priced feed imports into Korea, but experts' expectation of stabilization would ease that pressure. The effect on US or global feed grain prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2023050417530433547

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