# S. Korean won’s value against dollar plunges to lowest in 12 months on Thursday

> The won hit its weakest level in a year on Thursday, rising 10.4 to 1,185.4 per dollar in early trade, its largest one-day move since June. The drop was attributed first to Evergrande default concerns that emerged during the Chuseok closure, and then to dollar strength after the Federal Reserve policy meeting. The rate later recovered slightly by the close.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/45296-s-korean-won-s-value-against-dollar-plunges-to-lowest-in-12-months-on-thursday
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency weakness raises the won cost of imported feed and grain for Korean buyers, while the firmer dollar is a modest headwind for dollar-priced commodities.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- english.hani.co.kr: https://english.hani.co.kr/arti/english_edition/e_business/1012648.html

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