# Speculators Fueling Rise in KRW-USD Exchange Rate - Businesskorea

> A lawmaker said non-resident NDF purchases hit a 2022 high of $6.08 billion in August, pushing the won-dollar rate above 1,430. The government had sold dollars in the market and said it would strengthen speculation monitoring.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39827-speculators-fueling-rise-in-krw-usd-exchange-rate-businesskorea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Speculative pressure on the won raises Korean import costs for feed ingredients, though the effect on grain prices is indirect and limited.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- businesskorea.co.kr: https://www.businesskorea.co.kr/news/articleView.html?idxno=101125

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