# Korean won off 29-month high on government warning - KED Global

> The Korean won fell sharply on November 19 after Finance Minister Hong Nam-ki warned against its recent advance to a 29-month high. The won closed at 1,115.6 per dollar, its biggest one-day loss since June. The won had been among the best-performing major currencies over the past two months.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50392-korean-won-off-29-month-high-on-government-warning-ked-global
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency moves in the won affect the cost of Korean feed and grain imports priced in dollars, though the effect on US feed commodity prices is limited. A weaker won slightly eases Korean import costs in local terms.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- kedglobal.com: https://www.kedglobal.com/foreign-exchange/newsView/ked202011190009

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