# S.Korean won breaches 1,300-mark for first time in 13 years

> South Korea's won fell below 1,300 per U.S. dollar for the first time in 13 years. The move reflected global recession worries and dollar strength, though traders described market sentiment as relatively calm.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/41190-s-korean-won-breaches-1-300-mark-for-first-time-in-13-years
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed grains and meal, which squeezes Korean feed buyers' margins even if world prices are unchanged.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/skorean-won-weakens-past-1300-per-dollar-first-time-13-years-2022-06-23/

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