# Dollar deposits in Korea jump to record on flight to safety and yields

> Dollar deposits held by Korean residents rose $8.72 billion in November to a record $93.52 billion, as savers moved into the safe-haven currency. Total foreign currency deposits reached a record $107.39 billion.

- Date: 2022-12-21 · published 2022-12-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38456-dollar-deposits-in-korea-jump-to-record-on-flight-to-safety-and-yields
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heavy shifts into dollar holdings signal ongoing won weakness and safe-haven demand, which can keep local import costs elevated for feed buyers. The story reflects financial flows rather than agricultural supply or demand.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-06 | [Trump presidency lifts Wall St to record high; dollar, Treasury yields surge](https://feedsoft.ai/events/5809-trump-presidency-lifts-wall-st-to-record-high-dollar-treasury-yields-surge.md) | +1.9% | +1.5% |
| DXY | 2024-11-06 | [US shares, Bitcoin hit record high and dollar soars on Trump win](https://feedsoft.ai/events/9520-us-shares-bitcoin-hit-record-high-and-dollar-soars-on-trump-win.md) | +1.9% | +1.5% |
| DXY | 2026-02-26 | [Canadian dollar edges lower on flight to safety \| MarketScreener](https://feedsoft.ai/events/20823-canadian-dollar-edges-lower-on-flight-to-safety-marketscreener.md) | +1.1% | +2.0% |
| DXY | 2021-02-25 | [Dollar firms on sudden spike in U.S. Treasury yields](https://feedsoft.ai/events/10596-dollar-firms-on-sudden-spike-in-u-s-treasury-yields.md) | +0.9% | +1.7% |
| DXY | 2017-02-15 | [Dollar and treasury yields rise on hawkish Yellen speech](https://feedsoft.ai/events/72684-dollar-and-treasury-yields-rise-on-hawkish-yellen-speech.md) | -0.2% | -0.0% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/dollar-deposits-in-korea-jump-to-record-on-flight-to-safety-and-yields/10288439

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