# USD/KRW falls from two-year high of 1,265 as S. Korea's FX authorities rescue won — Octa

> The USD/KRW exchange rate fell from a two-year high near 1,265 after South Korean FX authorities intervened to support the won. The move followed a sharp sell-off driven by the strong dollar and regional risk.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/42076-usd-krw-falls-from-two-year-high-of-1-265-as-s-korea-s-fx-authorities-rescue
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A firmer won eases the local-currency cost of imported feed grains and meal for a short period. The relief depends on whether authorities can hold the rate as Fed tightening continues.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/967281/

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