# What’s behind the exchange rate’s drop from 1,500 to 1,300 won? Companies released $286.6 billion in dollars

> South Korean non-financial companies recorded net dollar sales of $286.57 billion in the first nine months, 2.6 times the amount in the same period last year. A large current-account surplus and exporters converting dollar earnings into won supported the currency, while risk aversion after the US midterm elections drove the exchange rate higher in the latest three sessions.

- Date: 2026-11-07 · published 2026-11-07T03:12:03.216Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/85434-what-s-behind-the-exchange-rate-s-drop-from-1-500-to-1-300-won-companies
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Corporate dollar sales can support the won and reduce the local-currency cost of imported feed, but renewed demand for dollars has offset that pressure. The article describes competing FX forces rather than a clear directional signal for import costs.

## Read by commodity

- USDKRW: neutral

## Sources

- biz.heraldcorp.com: https://biz.heraldcorp.com/article/10928980

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