# S.Korean currency's volatility to $ hit 6-year high in 2016 - Daijiworld.com

> South Korea's won volatility against the dollar averaged 0.65% daily in 2016, the highest since 2010, according to the Bank of Korea. The won ended 2016 at 1,207.7 per dollar, a 2.9% depreciation over the year.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/73223-s-korean-currency-s-volatility-to-hit-6-year-high-in-2016-daijiworld-com
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Higher currency volatility raises hedging costs and makes dollar-priced feed purchases riskier for Korean importers.

## Read by commodity

- USDKRW: neutral

## Sources

- daijiworld.com: https://daijiworld.com/news/newsDisplay?newsID=433288

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