Foreign Exchange Authorities Net Sold $7.142 Billion in Q3 This Year
The KRW-USD Exchange Rate Increased in the Third Quarter
[Asia Economy Reporter Jang Sehee] The Bank of Korea announced on the 31st that the foreign exchange authorities net sold $7.142 billion in the foreign exchange market in the third quarter of this year to stabilize the market.
During the third quarter, the won-dollar exchange rate rose, and the authorities took appropriate measures in response.
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Meanwhile, the Bank of Korea and the Ministry of Economy and Finance have been disclosing the quarterly net difference between the total dollar purchases and total sales by the foreign exchange authorities since the third quarter of 2019.
This content was produced with the assistance of AI translation services.
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