# Weakening Won against the Dollar  l KBS WORLD

> The won-dollar rate hovered between 1,180 and 1,190 won per dollar after trading above 1,200 on October 12, 2021. Analysts cite expected Fed tapering, China's slowing growth tied to Evergrande's default risk and power shortages, and rising energy, food and raw material prices as drivers.

- Date: 2021-10-18 · published 2021-10-18T12:00:00.000Z
- Category: macro · region Korea · magnitude low
- Page: https://feedsoft.ai/events/44801-weakening-won-against-the-dollar-l-kbs-world
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Persistent won weakness raises the cost of imported feed grains and meal for Korean buyers. Tighter U.S. policy and a weaker Chinese demand outlook point to continued currency pressure on feed importers.

## Read by commodity

- USDCNY: neutral
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-03-26 | [Chinese Yuan Bounces Back Against US Dollar](https://feedsoft.ai/events/31443-chinese-yuan-bounces-back-against-us-dollar.md) | +0.3% | +0.4% |
| USDCNY | 2026-08-27 | [China keeps yuan in check as PBOC resists sharp rise against weaker US dollar: analysts \| South China Morning Post](https://feedsoft.ai/events/18094-china-keeps-yuan-in-check-as-pboc-resists-sharp-rise-against-weaker-us-dollar.md) | -0.1% | -0.1% |
| USDCNY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.8% | +2.5% |
| USDCNY | 2018-02-09 | [China says yuan no longer a one-way bet as currency slides against US dollar \| South China Morning Post](https://feedsoft.ai/events/66717-china-says-yuan-no-longer-a-one-way-bet-as-currency-slides-against-us-dollar.md) | +0.3% | +0.1% |
| USDCNY | 2026-09-15 | [The Yuan Slipped As The Dollar Held Near A Two-Week High - Finimize](https://feedsoft.ai/events/17685-the-yuan-slipped-as-the-dollar-held-near-a-two-week-high-finimize.md) | -0.2% | -0.2% |

## Sources

- rki.kbs.co.kr: http://rki.kbs.co.kr/service/contents_view.htm?board_code=akorea_economyPlus&board_seq=412152&id=&lang=e&menu_cate=business&page=1

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