# [CONTRIBUTION] Vulnerable won-dollar rate - down or up? - The Korea Times

> The dollar-won rate has risen from 1,263 at the end of 2022 to over 1,340 per dollar, a depreciation of more than 5% this year. The commentary cites the Fed's rate hikes, the Bank of Korea holding its rate at 3.5%, and Korea's falling exports and weak trade balance as reasons.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/36651-contribution-vulnerable-won-dollar-rate-down-or-up-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Sustained won weakness raises the cost of imported feed ingredients for Korean buyers, and a weak trade balance can reinforce that pressure.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20230427/contribution-vulnerable-won-dollar-rate-down-or-up

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