# USD/KRW to push above 1,200 by 2Q22 even as BoK hikes – ING: Analytics and Market news from 18 November 2021 09:11

> ING expects USD/KRW to rise above 1,200 by the second quarter of 2022 even though the Bank of Korea is hiking. The won has been one of the region's worst-performing currencies in 2021. ING forecasts policy rates ending 2021 at 1.25%, with further hikes in 2022 and 2023.

- Date: 2021-11-18 · published 2021-11-18T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/44287-usd-krw-to-push-above-1-200-by-2q22-even-as-bok-hikes-ing-analytics-and-market
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A forecast of a weaker won through 2022 would raise the local cost of imported feed ingredients such as corn, soybean meal and meat-and-bone meal for Korean buyers. The forecast is a currency view rather than a supply event.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3705057

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