# Currency swap to have limited impact on economy: analysts - The Korea Times

> The Bank of Korea extended its $60 billion currency swap arrangement with the US Federal Reserve for three months until the end of 2021. The won closed at 1,130.4 per dollar that day, up 13.2 won, after the Fed signalled earlier tightening.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: policy · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/46830-currency-swap-to-have-limited-impact-on-economy-analysts-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The swap extension provides a dollar liquidity backstop that reduces the risk of disorderly won moves, limiting sharp currency-driven swings in Korean feed import costs.

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/business/banking-finance/20210617/currency-swap-to-have-limited-impact-on-economy-analysts

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