# BOK net sells US$5.85 bln in market smoothing operations in Q1 | Yonhap News Agency

> The Bank of Korea reported it net sold $5.85 billion in market stabilization operations in the first quarter of 2020 to ease won volatility from the coronavirus outbreak. The won weakened to 1,217.4 per dollar at end-March from 1,156.4 at end-2019. The central bank said the fluctuation rate expanded sharply in the quarter.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/52853-bok-net-sells-us-5-85-bln-in-market-smoothing-operations-in-q1-yonhap-news
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Heavy won-defending dollar sales show Korean currency stress, which can affect the purchasing power of Korean feed importers buying dollar-priced grains and meal. Stabilization may limit near-term won moves but does not change underlying commodity supply.

## Read by commodity

- USDKRW: neutral

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20200630007900320

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