# S. Korean currency's appreciation to U.S. dollar hits 13-year high in 2017 - Xinhua | English.news.cn

> The Bank of Korea reported that the won's appreciation against the dollar in 2017 was its largest in 13 years, ending the year at 1,070.5 per dollar, down 12.8 percent. The gain was attributed to easing geopolitical risks, stronger growth and expectations of rate hikes.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/67218-s-korean-currency-s-appreciation-to-u-s-dollar-hits-13-year-high-in-2017-xinhua
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Central bank data confirms a strong won trend that lowers the local cost of dollar-priced imports. The impact on grain and feed prices is minor.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-01/25/c_136923792.htm

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