# As the won threatened the KRW 1,400 level on the 21st due to the strong dollar, the foreign exchange.. - MK

> As the won approached 1,400 per dollar on June 21, Korean authorities raised the foreign exchange swap limit with the National Pension Service from $35 billion to $50 billion by end-2024. The move is meant to limit dollar demand from the pension fund's overseas investment.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/30030-as-the-won-threatened-the-krw-1-400-level-on-the-21st-due-to-the-strong-dollar
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Larger swap capacity should damp won weakness, which would ease dollar-priced import costs for Korean feed buyers.

## Read by commodity

- USDKRW: neutral

## Sources

- mk.co.kr: https://www.mk.co.kr/en/economy/11047775

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.