# Value of South Korean Won Expected to Suffer Decline

> Morgan Stanley forecasts the won could fall to 1,300 per dollar by end-2017, and Citibank and State Street expect the yen to weaken toward 130 per dollar. The report also says resource-exporting currencies such as the Brazilian real and Russian ruble should strengthen while manufacturing economies struggle.

- Date: 2016-12-07 · published 2016-12-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73682-value-of-south-korean-won-expected-to-suffer-decline
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Forecast currency weakness in import-dependent Asian economies would raise the local cost of dollar-denominated feed ingredients, while stronger resource currencies in Brazil could support Brazilian export competitiveness.

## Read by commodity

- USDBRL: bearish ▼
- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-12-09 | [USD/BRL to extend the decline to 5.00 – Credit Suisse — Octa](https://feedsoft.ai/events/49855-usd-brl-to-extend-the-decline-to-5-00-credit-suisse-octa.md) | +0.6% | +6.0% |
| USDBRL | 2019-12-05 | [USD: A different kind of decline \| articles \| ING THINK](https://feedsoft.ai/events/55761-usd-a-different-kind-of-decline-articles-ing-think.md) | -1.7% | -3.6% |
| USDBRL | 2026-02-23 | [Central Bank expected to curb FX swaps, credit line amid steep inflows](https://feedsoft.ai/events/20792-central-bank-expected-to-curb-fx-swaps-credit-line-amid-steep-inflows.md) | -0.9% | +2.0% |
| USDBRL | 2021-10-16 | [Pressure to devalue Brazil real to ease in 2022, cenbank official says](https://feedsoft.ai/events/44782-pressure-to-devalue-brazil-real-to-ease-in-2022-cenbank-official-says.md) | +5.1% | +0.2% |
| USDBRL | 2026-03-26 | [Brazil real expected to strengthen as commodities and carry support currency outlook - BofA By Investing.com](https://feedsoft.ai/events/20383-brazil-real-expected-to-strengthen-as-commodities-and-carry-support-currency.md) | -1.3% | -4.8% |

## Sources

- en.koreadaily.com: https://en.koreadaily.com/value-of-south-korean-won-expected-to-suffer-decline/

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