# Won-Dollar Exchange Rate Surpasses 1,350 Won for the First Time in 13 Years and 4 Months... Hits Another Record High (Comprehensive) - The Asia Business Daily

> The won-dollar rate broke 1,350 for the first time since April 2009 after Fed Chair Powell's hawkish Jackson Hole remarks. The dollar index rose to around 109.3 as the strong-dollar trend intensified.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40283-won-dollar-exchange-rate-surpasses-1-350-won-for-the-first-time-in-13-years-and
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar lowers the dollar-denominated prices of grains and oilseeds, while raising the local-currency cost of imports for Korean feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-30 | ["Increase in Ants' Overseas Investment Drives Won-Dollar Exchange Rate Rise" - The Asia Business Daily](https://feedsoft.ai/events/30499-increase-in-ants-overseas-investment-drives-won-dollar-exchange-rate-rise-the.md) | +0.3% | +1.8% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2025-02-28 | [Tariff Threats and Korean Interest Rate Cut... KRW-USD Exchange Rate Rises Above 1450 Won for the First Time in Two Weeks](https://feedsoft.ai/events/26302-tariff-threats-and-korean-interest-rate-cut-krw-usd-exchange-rate-rises-above.md) | -1.5% | -1.3% |
| DXY | 2016-11-13 | [Australia, NZ dollars hit 1-month lows as USD, US bond yields surge - The Business Times](https://feedsoft.ai/events/74098-australia-nz-dollars-hit-1-month-lows-as-usd-us-bond-yields-surge-the-business.md) | +1.4% | +0.8% |
| DXY | 2023-09-28 | [Dollar index powers to 10-month high - Business & Finance - Business Recorder](https://feedsoft.ai/events/34310-dollar-index-powers-to-10-month-high-business-and-finance-business-recorder.md) | +0.5% | +0.8% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2022082914001970962

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