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The Bank of Korea reported that the US dollar-won exchange rate was the least volatile in three years in Q3 2017, with an average daily high-low gap of 4.8 won. Average daily variation also hit its smallest since Q3 2014 at 4.2 won, despite North Korean tensions.
A calm won limits currency-driven swings in the cost of Korean feed imports priced in dollars, so it has little direct effect on feed commodity prices.
koreaherald.comYonhapOct 24, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
