# BOK sells net $2.1 billion in market-smoothing operations in Q1 - The Korea Herald

> The Bank of Korea said it sold a net $2.1 billion in dollars in the first quarter of 2023 to slow the won's decline against the dollar. This was the seventh straight quarter of dollar selling for market smoothing since the third quarter of 2021.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/35727-bok-sells-net-2-1-billion-in-market-smoothing-operations-in-q1-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Central bank intervention to support the won modestly offsets currency pressure on Korean feed importers, but the effect on global feed prices is limited.

## Read by commodity

- USDKRW: neutral

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3158881

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