# BOK sells net US$345 mln in market smoothing operations in Q2 | Yonhap News Agency

> The Bank of Korea reported it sold a net $345 million in the second quarter of 2020 to smooth currency fluctuations, much less than the $5.85 billion sold in the first quarter. The central bank said the won remained stable in Q2, aided by a currency swap line with the US Federal Reserve.

- Date: 2020-09-29 · published 2020-09-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/51326-bok-sells-net-us-345-mln-in-market-smoothing-operations-in-q2-yonhap-news-agency
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Reduced central bank intervention signals a calmer won, which limits import-cost volatility for Korean feed buyers but has little direct price impact on grains.

## Read by commodity

- USDKRW: neutral

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20200929010800320

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