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  • BOK's dollar net selling, buying on par in Q2 market smoothing operations
    BOK's dollar net selling, buying on par in Q2 market smoothing operations
    The Bank of Korea (BOK) said Thursday its net selling and buying of the US dollar remained on par in the second quarter as part of its efforts to help ease fluctuations in the local currency market. In the first quarter, the BOK sold a net $103 million to stabilize the Korean currency's movement, compared with a net purchase of $11.5 billion three months earlier. The central bank began releasing such data in March 20...
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BOK's dollar net selling, buying on par in Q2 market smoothing operations

Sept. 30, 2021 - 16:50 By Yonhap

Bank of Korea building in Jung-gu, Seoul (Yonhap)
The Bank of Korea (BOK) said Thursday its net selling and buying of the US dollar remained on par in the second quarter as part of its efforts to help ease fluctuations in the local currency market.

In the first quarter, the BOK sold a net $103 million to stabilize the Korean currency's movement, compared with a net purchase of $11.5 billion three months earlier.

The central bank began releasing such data in March 2019 to help boost the transparency of its market stabilization steps.

A BOK official said market smoothing operations in the second quarter came as the won's movement stabilized.

The Korean currency closed at 1,128.5 won against the US dollar on June 30, compared with 1,131.8 won at the end of March. (Yonhap)

 

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