# KRW strengthens to 2.5-year high as Korean stocks rally - KED Global

> The won rose to a 2.5-year high of 1,097 per dollar on December 3 as Korean stocks rallied to records. The move followed a $908 billion US stimulus proposal and UK approval of the Pfizer COVID-19 vaccine.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49891-krw-strengthens-to-2-5-year-high-as-korean-stocks-rally-ked-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency strength lowers the won cost of imported feed inputs for Korean buyers, while the weaker dollar supports USD-priced commodities.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-18 | [Brazilian Real Strengthens to Over 1-Year High](https://feedsoft.ai/events/23089-brazilian-real-strengthens-to-over-1-year-high.md) | +0.8% | +1.3% |
| DXY | 2022-12-02 | [Korea won near 5-mth high as Powell signals slower hikes - KED Global](https://feedsoft.ai/events/38454-korea-won-near-5-mth-high-as-powell-signals-slower-hikes-ked-global.md) | +0.3% | -0.5% |
| DXY | 2017-01-31 | [Korean won near 2-month high after BoK keeps rates to boost gr...](https://feedsoft.ai/events/73209-korean-won-near-2-month-high-after-bok-keeps-rates-to-boost-gr.md) | -0.6% | -0.6% |
| DXY | 2018-02-08 | [Chinese yuan strengthens to new high against USD - Chinadaily.com.cn](https://feedsoft.ai/events/7105-chinese-yuan-strengthens-to-new-high-against-usd-chinadaily-com-cn.md) | -0.2% | +0.2% |
| DXY | 2018-01-25 | [Chinese yuan strengthens to 27-month high against USD Thursday](https://feedsoft.ai/events/11866-chinese-yuan-strengthens-to-27-month-high-against-usd-thursday.md) | -0.3% | +0.7% |

## Sources

- kedglobal.com: https://www.kedglobal.com/economy/newsView/ked202012030008

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