Dollar-Korean won spot rates swayed by forwards

The dollar's movement against the won in the Seoul currency market is being increasingly affected by dollar-won trading on overseas non-deliverable forward (NDF) markets, the Bank of Korea said.

The trading has risen to US$500 million per day since Sept 2000, when the dollar turned to a upward spiral, from $300 million in Aug 2000. With inflows of foreign equity investment increasing in 2001, non-resident investors bought more dollars than the sold them on the NDF markets, the report said.

For

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: