# Won-Dollar Exchange Rate Surpasses 1200 Won, This Quarter Marks This Year's Peak - The Asia Business Daily

> The won-dollar rate closed above 1,200 for two sessions, the first time since July 2020. A local researcher expects the won's weakness to peak this quarter, with the rate staying around 1,200 through January amid Fed tightening and trade deficit concerns.

- Date: 2022-01-07 · published 2022-01-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43374-won-dollar-exchange-rate-surpasses-1200-won-this-quarter-marks-this-year-s-peak
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Sustained won weakness keeps imported feed raw materials more expensive for Korean buyers in local currency terms.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2022010716065590254

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