# Won's Pace Slows After Outpacing Yen and Yuan; Direction Ahead Hinges on Currency-Specific Factors

> In October the won rose 1.81% against the dollar, versus 0.91% for the offshore yuan and 0.34% for the yen, after a 13.39% surge in July and August. China's central bank raised the FX deposit reserve requirement ratio from 4% to 6%, which pushed the yuan lower, and the won is expected to keep its relative strength while the yen stays range-bound.

- Date: 2026-11-04 · published 2026-11-04T21:09:06.094Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/80474-won-s-pace-slows-after-outpacing-yen-and-yuan-direction-ahead-hinges-on
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won's relative strength makes dollar-priced imports cheaper for Korean buyers, but the gap with regional currencies is narrowing and China's move to slow yuan appreciation could reduce that advantage.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- news.einfomax.co.kr: https://news.einfomax.co.kr/news/articleView.html?idxno=4442929

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