# What is behind plunging Korean won? - The Korea Times

> The Korean won hit 1,267.8 per dollar on May 3, weighed by a strong greenback ahead of an expected 75 basis point Fed hike. Analysts said the move reflected global dollar strength rather than Korean fundamentals.

- Date: 2022-05-02 · published 2022-05-02T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/41635-what-is-behind-plunging-korean-won-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength raises the local cost of dollar-priced feed imports into Korea, though the story describes currency moves rather than a new supply shock.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |
| DXY | 2018-06-22 | [Why the Aussie dollar is plummeting, and what to do](https://feedsoft.ai/events/64776-why-the-aussie-dollar-is-plummeting-and-what-to-do.md) | +0.2% | -0.3% |
| DXY | 2026-02-02 | [Fed chair designation renews fears of won weakening - The Korea Times](https://feedsoft.ai/events/20840-fed-chair-designation-renews-fears-of-won-weakening-the-korea-times.md) | +0.3% | +0.7% |
| DXY | 2024-04-16 | [What's behind the USD's bullish break out? \| MUFG EMEA](https://feedsoft.ai/events/12556-what-s-behind-the-usd-s-bullish-break-out-mufg-emea.md) | +0.5% | -0.3% |
| DXY | 2017-09-28 | [What’s behind the rand selloff? - Moneyweb](https://feedsoft.ai/events/69234-what-s-behind-the-rand-selloff-moneyweb.md) | +0.2% | +1.4% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20220503/what-is-behind-plunging-korean-won

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