Foreign Exchange Authorities' Q2 Net Transaction Amount $0... "Impact of No Change in Exchange Rate Trend"
[Asia Economy Reporter Jang Sehee] The Bank of Korea announced on the 30th that the amount of net trading conducted by the foreign exchange authorities in the foreign exchange market for market stabilization in the second quarter of this year was recorded as 0 dollars.
The absence of net trading means that the foreign exchange authorities either did not intervene at all or that the total purchase and total sale amounts were equal.
The Bank of Korea explained that since the exchange rate did not trend downward or upward during the second quarter, corresponding measures were taken.
The won-dollar exchange rate (based on closing price) slightly decreased from 1,131.8 won at the end of March to 1,126.1 won at the end of June.
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Meanwhile, the Bank of Korea and the Ministry of Economy and Finance have been disclosing the quarterly difference between the total dollar purchases and total dollar sales by the foreign exchange authorities since the third quarter of 2019.
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