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The won's real effective exchange rate has risen for three straight months and is up 11.7%, though it remains about 9% below its long-term average. The won-dollar rate has fallen by more than 200 won since the start of the second half, settling in the 1,300 range.
Analysts cited in the report see fair value near 1,250 and possibly the 1,200 range next year.
A stronger won lowers the local-currency cost of dollar-priced imports such as feed grains and soymeal for Korean buyers. Continued appreciation would ease import costs if the trend holds, though it is a gradual shift rather than a sharp price driver.
en.edaily.co.krLee Jeong-yoonNov 2, 2026Not 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.
