# Has Korean Gov’t Changed Stance on Won-dollar Exchange Rate? - Businesskorea

> The won-dollar rate fell below 1,100 for the first time since September 2016, with the won gaining about 4% in six weeks while other Asian and major currencies weakened. Commentary questions whether the government is now limiting its response to verbal intervention rather than active market intervention.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/68219-has-korean-gov-t-changed-stance-on-won-dollar-exchange-rate-businesskorea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Limited official intervention makes a stronger won more likely to persist, which keeps USD/KRW lower and eases the local cost of dollar-priced feed imports.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- businesskorea.co.kr: https://www.businesskorea.co.kr/news/articleView.html?idxno=19847

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