The dollar-won rate traded at 1,334.60 won in early Seoul trading on November 2, slightly above the prior close, as bargain buying met expected export-related dollar selling. Korea's October exports rose 93.7% year on year to $115.28 billion, and the dollar index fell for a third straight session after US tech stocks sold off.
A firmer won lowers the won cost of dollar-priced feed imports such as corn, soybean meal and fishmeal, which slightly eases local feed-buyer costs. The move is small and driven mainly by FX flows rather than grain supply.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.