# S.Korea's foreign currency deposit falls on strong USD - Xinhua | English.news.cn

> South Korea's foreign currency deposits fell by 3.67 billion dollars to 74.87 billion at the end of November as companies withdrew dollar funds to sell the greenback. The won/dollar rate settled at 1,181.2 per dollar, up from 1,163.4 a month earlier.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/55792-s-korea-s-foreign-currency-deposit-falls-on-strong-usd-xinhua-english-news-cn
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger dollar against the won raises the local cost of imported feed grains and meal, though this central bank data release has little direct effect on commodity prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2019-12/19/c_138642971.htm

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