Reported 2 days ago
The South Korean won has fallen to levels that may compel the National Pension Service (NPS) to sell up to $50 billion in foreign currency to hedge against losses. If the average exchange rate exceeds 1,450 won per dollar for five consecutive business days, the NPS will initiate strategic currency hedging. Currently, the won is trading at 1,443.63 per dollar, having lost 11% this year, influenced by political uncertainty and a rising dollar.
Source: YAHOO