# South Korean Won Swings From Worst to Best in Asia - Bloomberg

> South Korea's won has rebounded from a 13-year low to become Asia's best-performing currency, rising about 6% against the dollar this month. Expectations of smaller US rate increases and China's pivot away from Covid Zero have supported the currency. Lower oil prices from this year's highs may also narrow South Korea's trade deficit.

- Date: 2022-11-20 · published 2022-11-20T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38942-south-korean-won-swings-from-worst-to-best-in-asia-bloomberg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won lowers the local cost of dollar-priced imports, including feed ingredients and energy, which eases import costs for Korean feed buyers. The currency move has little direct effect on global grain prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-20/won-swings-from-worst-to-best-in-asia-and-more-gains-expected

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