# BOK sells net US$17.54 billion in market-smoothing operations in Q3 | Yonhap News Agency

> The Bank of Korea said it sold a net $17.54 billion in the third quarter to ease the won's decline against the dollar, the largest quarterly selling since data releases began in 2019. Year-to-date dollar sales reached $41.4 billion, and September reserves fell $19.66 billion.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38452-bok-sells-net-us-17-54-billion-in-market-smoothing-operations-in-q3-yonhap-news
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Heavy central bank dollar selling reflects won weakness tied to Fed tightening, which raises the cost of dollar-priced feed imports for Korean buyers. Currency stress of this kind tends to lift local import costs for grains and meal.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20221230008900320

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