# Won weakens as importer demand and stronger dollar lift Korea exchange rate - CHOSUNBIZ

> The Korean won closed at 1,343.8 per dollar on November 2, weakening 0.71% from the prior session and reaching its weakest level in 12 trading days. Importer dollar demand, investment flows into overseas stocks, and a dollar index near 101.8 drove the move. Brent crude was cited at $117.64, up 2.4% on the prior trading day, as Middle East war uncertainty continued.

- Date: 2026-11-02 · published 2026-11-02T12:09:06.675Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/75373-won-weakens-as-importer-demand-and-stronger-dollar-lift-korea-exchange-rate
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker won raises the cost of dollar-priced grain and oilseed imports for Korean feed buyers, while higher Brent feeds into freight and energy costs. The currency move is modest, so the effect on feed prices is mainly through energy and freight.

## Read by commodity

- BRENT: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-28 | [Rand weakens as oil prices rise and rate-hike fears support dollar](https://feedsoft.ai/events/17765-rand-weakens-as-oil-prices-rise-and-rate-hike-fears-support-dollar.md) | +6.5% | +1.3% |
| BRENT | 2024-02-09 | [Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder](https://feedsoft.ai/events/31968-indian-rupee-weakens-slightly-on-dollar-demand-from-state-run-banks-importers.md) | +1.5% | +1.9% |
| BRENT | 2017-06-30 | [Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD](https://feedsoft.ai/events/70739-canadian-dollar-exchange-rates-boosted-as-gdp-comes-in-on-forecast-and-oil.md) | +2.3% | +8.2% |
| BRENT | 2018-07-01 | [Rupee-dollar exchange rate at 69 now: 10 things you should know](https://feedsoft.ai/events/64793-rupee-dollar-exchange-rate-at-69-now-10-things-you-should-know.md) | -3.1% | -4.9% |
| BRENT | 2023-12-14 | [U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook](https://feedsoft.ai/events/32887-u-s-crude-oil-rises-3-on-weaker-dollar-slightly-improved-2024-demand-outlook.md) | +8.4% | +6.6% |

## Sources

- biz.chosun.com: https://biz.chosun.com/en/en-policy/2026/11/02/HY2HZEZERVD2VMSUGQMW7UGQUE/

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