Loading...
Loading...
Browse all stories on DeepNewz
VisitKorean Won exchange rate against USD by end of 2025
Below 1100 KRW/USD • 25%
1100-1200 KRW/USD • 25%
1200-1300 KRW/USD • 25%
Above 1300 KRW/USD • 25%
Exchange rate data from the Bank of Korea or international financial news agencies
South Korea's NPS and BOK Extend FX Swap to $65 Billion Until December 2025 Amid Won's 15-Year Low
Dec 19, 2024, 05:43 AM
South Korea's National Pension Service (NPS) and the Bank of Korea (BOK) have agreed to extend and expand their foreign exchange swap agreement until December 2025. The new agreement increases the swap limit to $65 billion from the previous $500 billion. This move is aimed at stabilizing the won/dollar exchange rate, as the Korean won recently hit a 15-year low against the US dollar. The NPS will maintain its strategic forex hedging ratio at a maximum of 10% until the end of 2025, as announced by the Ministry of Welfare. The agreement allows the NPS to borrow dollars from the BOK's foreign reserves for overseas investments, which helps in absorbing the pension fund's demand for dollars in the spot market and contributes to foreign exchange market stability.
View original story
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Strengthened by more than 5% • 25%
Strengthened by up to 5% • 25%
Weakened by up to 5% • 25%
Weakened by more than 5% • 25%
Below R$5.50 • 25%
R$5.50 to R$6.00 • 25%
R$6.01 to R$6.50 • 25%
Above R$6.50 • 25%
Strengthen • 25%
Weaken • 25%
Remain stable • 25%
Other • 25%
Below 7.00 • 25%
7.00 to 7.20 • 25%
7.21 to 7.40 • 25%
Above 7.40 • 25%
Strengthens significantly • 25%
Remains stable • 25%
Weakens • 25%
Other • 25%
Below 2% • 25%
2% to 3% • 25%
3% to 4% • 25%
Above 4% • 25%
Below 7.00 • 25%
7.00 to 7.25 • 25%
7.26 to 7.50 • 25%
Above 7.50 • 25%
Below 150 • 25%
150 to 155 • 25%
155 to 160 • 25%
Above 160 • 25%
Significant intervention • 25%
Moderate intervention • 25%
Minimal intervention • 25%
No intervention • 25%
Below 145 yen per dollar • 25%
145 to 150 yen per dollar • 25%
151 to 155 yen per dollar • 25%
Above 155 yen per dollar • 25%
$20-40 billion • 25%
Below $20 billion • 25%
Above $60 billion • 25%
$40-60 billion • 25%