# Korea economy up against 3 new highs - KRW value, oil prices, interest rates - 매일경제 영문뉴스 펄스(Pulse)

> The won rose sharply on strong exports and foreign buying of equities, and it broke below 1,080 per dollar for the first time since May 2015. Brent and WTI crude were near two-year highs on tight North American inventories and expected OPEC output cuts.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/68214-korea-economy-up-against-3-new-highs-krw-value-oil-prices-interest-rates-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger won and higher crude have opposing effects on Korean import costs, while higher oil feeds into freight and energy costs for feed supply chains.

## Read by commodity

- WTI: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-07 | [Soaring oil prices, weakening won weigh on Korea's economy - The Korea Times](https://feedsoft.ai/events/42957-soaring-oil-prices-weakening-won-weigh-on-korea-s-economy-the-korea-times.md) | +0.9% | +29.3% |
| WTI | 2024-04-23 | [Crude oil prices today: WTI above $83 on hopes for interest rate cuts](https://feedsoft.ai/events/30928-crude-oil-prices-today-wti-above-83-on-hopes-for-interest-rate-cuts.md) | +0.3% | -3.2% |
| WTI | 2017-11-23 | [MXN Gains With Oil Prices \| Exchange Rates UK](https://feedsoft.ai/events/68194-mxn-gains-with-oil-prices-exchange-rates-uk.md) | -0.9% | +0.7% |
| WTI | 2020-12-03 | [Loonie rises to highest point in 2 years on vaccine optimism, oil prices \| CBC News](https://feedsoft.ai/events/49871-loonie-rises-to-highest-point-in-2-years-on-vaccine-optimism-oil-prices-cbc-news.md) | +0.5% | +7.0% |
| WTI | 2020-09-28 | [Oil up 1% on economic hope; virus fears check price gains \| Financial Post](https://feedsoft.ai/events/51280-oil-up-1-on-economic-hope-virus-fears-check-price-gains-financial-post.md) | -7.9% | -0.9% |

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/8066955

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