# USD/KRW: Rapid won appreciation is a key concern – Standard Chartered — Octa

> Standard Chartered reports that rapid appreciation of the South Korean won is a key concern for its local clients, most of whom are exporters, and that they expect further gains. USD/KRW was trading above 1,115, and some forecasters see it falling below 1,000 as the US dollar weakens. Standard Chartered expects broad dollar weakness to continue, citing capital shifting away from US assets and wider US twin deficits.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/48864-usd-krw-rapid-won-appreciation-is-a-key-concern-standard-chartered-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger won and weaker dollar raise the local-currency cost of Korean exports and can dampen export demand and margins, while a softer dollar generally supports dollar-priced commodity imports such as feed grains and oilseeds.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-20 | [Why a recession likely won't help the US dollar \| Standard Chartered Insights](https://feedsoft.ai/events/36581-why-a-recession-likely-won-t-help-the-us-dollar-standard-chartered-insights.md) | +0.0% | +0.3% |
| DXY | 2020-07-30 | [US dollar: Sell-off to extend amid low yields, ample liquidity – Standard Chartered — Octa](https://feedsoft.ai/events/52303-us-dollar-sell-off-to-extend-amid-low-yields-ample-liquidity-standard-chartered.md) | -0.3% | -0.5% |
| DXY | 2018-01-19 | [Dollar is on a strong depreciation path - Westpac — Octa](https://feedsoft.ai/events/67169-dollar-is-on-a-strong-depreciation-path-westpac-octa.md) | -1.4% | -1.0% |
| DXY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.3% | -1.7% |
| DXY | 2017-08-30 | [Yuan Appreciation: RMB strengthens when US index continues to fall - CGTN](https://feedsoft.ai/events/69676-yuan-appreciation-rmb-strengthens-when-us-index-continues-to-fall-cgtn.md) | -0.6% | +0.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/878697/

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