# More Koreans Than Ever Bought Dollars Last Month

> Foreign currency deposits in South Korea reached a record $70.97 billion in August, with US dollars making up 95% of the increase. Individual investors bought dollars as the won weakened about 2.4% from late July to late August.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57306-more-koreans-than-ever-bought-dollars-last-month
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Heavy dollar buying reflects won weakness that raises the local-currency cost of imported feed grains and meal, a modest bullish signal for feed input costs in Korea.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- chosun.com: https://www.chosun.com/english/industry-en/2019/09/19/R2NVPHOIQQOK5JIHY5H2FIBXNY/

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