# Korean currency falls to 13-year low amid global recession fears.

> The Korean currency hit a 13-year low against the dollar, breaching 1,300 won for the first time since the 2009 global financial crisis. The sell-off came amid global recession fears.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/41191-korean-currency-falls-to-13-year-low-amid-global-recession-fears
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won's slide makes dollar-priced grain and oilseed imports more expensive for Korean feed users, supporting higher local landed costs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- nytimes.com: https://www.nytimes.com/2022/06/23/business/korean-won-low.html

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