# What strong won on back of Biden victory means for S. Korea - The Korea Herald

> The South Korean won rose to a 22-month high against the dollar after Joe Biden's election victory weakened the greenback. The won closed at 1,113.9 per dollar on November 9, its strongest level since January 2019. Local banks forecast further won gains into 2021.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50395-what-strong-won-on-back-of-biden-victory-means-for-s-korea-the-korea-herald
- 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 lowers the local-currency cost of dollar-priced feed imports for Korea. The move reflects broader dollar weakness rather than a feed-specific driver.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-26 | [Seoul shares down for 2nd day after Fed chief's remarks; won at over 5-month high - The Korea Herald](https://feedsoft.ai/events/29038-seoul-shares-down-for-2nd-day-after-fed-chief-s-remarks-won-at-over-5-month.md) | +0.7% | -0.0% |
| DXY | 2018-12-05 | [Korea's FX reserves climb in Nov. - The Korea Herald](https://feedsoft.ai/events/61773-korea-s-fx-reserves-climb-in-nov-the-korea-herald.md) | +0.2% | -0.9% |
| DXY | 2020-11-09 | [For investors, China's yuan is the big winner from Biden victory \| Financial Post](https://feedsoft.ai/events/50363-for-investors-china-s-yuan-is-the-big-winner-from-biden-victory-financial-post.md) | -0.1% | -1.7% |
| DXY | 2024-10-01 | [What a Fed rate cut could mean for the world](https://feedsoft.ai/events/28219-what-a-fed-rate-cut-could-mean-for-the-world.md) | +0.9% | +2.9% |
| DXY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +0.6% | +0.3% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2476363

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