# The South Korean won falls to record lows | FrontierView

> The South Korean won has depreciated over 10% against the dollar this year and recently passed the 1,300 mark for the first time since 2008. A commentary piece expects continued weakness through Q1 2023 driven by Fed rate hikes, capital outflows and costly oil and gas imports.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40724-the-south-korean-won-falls-to-record-lows-frontierview
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Persistent won weakness raises import costs for Korean feed buyers and reinforces dollar strength that weighs on dollar-priced feed commodities.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- frontierview.com: https://frontierview.com/insights/the-south-korean-won-falls-to-record-lows/

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