# Dollar-Won Closes Lower on Stock Slump and Nvidia Currency Conversion, Down 2.80 Won

> The won closed at 1,341.00 per dollar on November 3, down 2.80 won, as the KOSPI fell over 3% and foreigners sold about 66,400 dollar futures contracts. Conversion flows tied to a $1 billion Nvidia investment in Naver also weighed, and the PBOC raised the FX deposit reserve ratio from 4% to 6%, lifting offshore yuan.

- Date: 2026-11-03 · published 2026-11-03T15:38:12.453Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/78012-dollar-won-closes-lower-on-stock-slump-and-nvidia-currency-conversion-down-2-80
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Won weakness tied to equity outflows and offshore yuan moves signals regional currency pressure, while a higher PBOC reserve ratio tightens dollar liquidity in China. Currency swings in Asia can shift the cost of dollar-priced feed imports for Korean and Chinese buyers.

## Read by commodity

- USDCNY: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-09-20 | [Evergrande jitters pull risk currencies lower, dollar gains on safety bid](https://feedsoft.ai/events/45274-evergrande-jitters-pull-risk-currencies-lower-dollar-gains-on-safety-bid.md) | +0.0% | -0.6% |
| USDCNY | 2016-11-25 | [Dollar pulls back after skittling  world currencies](https://feedsoft.ai/events/74038-dollar-pulls-back-after-skittling-world-currencies.md) | -0.5% | +0.4% |
| USDCNY | 2023-09-28 | [Rupee ducks slump in EM currencies, but crude, dollar threats loom](https://feedsoft.ai/events/34391-rupee-ducks-slump-in-em-currencies-but-crude-dollar-threats-loom.md) | -0.2% | +0.1% |
| USDCNY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.5% | +0.4% |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146715
- news.einfomax.co.kr: https://news.einfomax.co.kr/news/articleView.html?idxno=4442821

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