# Won to continue gaining ground against dollar in 2021 - The Korea Times

> Market experts expect the won to keep gaining against the dollar through 2021 as US fiscal and liquidity programs expand the dollar supply. The won-dollar rate fell to the 1,080 range in early December, and the average November rate was 1,116.76.

- Date: 2020-12-22 · published 2020-12-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49889-won-to-continue-gaining-ground-against-dollar-in-2021-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a stronger won reduce the local-currency cost of imported feed grains and soybeans for Korean buyers, though exporters face margin pressure.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-30 | [Rand gains ground against the dollar](https://feedsoft.ai/events/64323-rand-gains-ground-against-the-dollar.md) | +0.2% | +0.7% |
| DXY | 2023-05-25 | [Why is the Mexican Peso Gaining against the Dollar?](https://feedsoft.ai/events/36160-why-is-the-mexican-peso-gaining-against-the-dollar.md) | -0.4% | -1.1% |
| DXY | 2025-05-13 | [UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.](https://feedsoft.ai/events/24990-uob-the-us-dollar-continues-to-weaken-reaching-26-300-vnd-in-q3.md) | -0.9% | -2.0% |
| DXY | 2017-07-31 | [Oil surges as dollar continues slide against the yen \| EconomyNext](https://feedsoft.ai/events/70214-oil-surges-as-dollar-continues-slide-against-the-yen-economynext.md) | +0.3% | -0.5% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20201222/won-to-continue-gaining-ground-against-dollar-in-2021-1

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