# Won fades to 14-month low against dollar amid inflation concerns - The Korea Herald

> The Korean won weakened to a 14-month low of about 1,198.8 won per dollar on October 12, 2021, nearly reaching 1,200 for the first time since July 2020. Investors moved to safe-haven assets amid inflation concerns, and WTI rose above $82 per barrel, its highest since 2014.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: macro · region Korea · magnitude medium
- Page: https://feedsoft.ai/events/44798-won-fades-to-14-month-low-against-dollar-amid-inflation-concerns-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker won raises the local-currency cost of dollar-priced imports such as corn, soybean meal and other feed ingredients, which pressures Korean feed buyers' margins. Higher oil prices also lift freight and energy costs across the feed supply chain.

## Read by commodity

- WTI: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | +12.5% | +19.3% |
| WTI | 2018-05-07 | [Dollar marches to 4-month high as oil rally points to higher inflation - MarketWatch](https://feedsoft.ai/events/65209-dollar-marches-to-4-month-high-as-oil-rally-points-to-higher-inflation.md) | +1.4% | -7.1% |
| WTI | 2021-05-26 | [Equities, dollar rise as Fed officials downplay inflation concerns](https://feedsoft.ai/events/47004-equities-dollar-rise-as-fed-officials-downplay-inflation-concerns.md) | +3.9% | +10.4% |
| WTI | 2023-09-18 | [Canadian dollar hits 1-month high ahead of inflation data](https://feedsoft.ai/events/34337-canadian-dollar-hits-1-month-high-ahead-of-inflation-data.md) | -0.9% | -3.5% |
| WTI | 2022-08-11 | [Canadian dollar rises to two-month high on growing signs of easing U.S. inflation  - The Globe and Mail](https://feedsoft.ai/events/40280-canadian-dollar-rises-to-two-month-high-on-growing-signs-of-easing-u-s.md) | -4.1% | -10.5% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2703880

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