# BOK net sells $3.8 bln in market stabilization efforts in H1 | Yonhap News Agency

> South Korea's central bank said it net sold $3.8 billion in the first half of 2019 to smooth volatility in the local currency market, up sharply from $187 million of net selling in the second half of 2018. The won closed June at 1,154.7 per dollar, down 35.7 won since the start of the year.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57304-bok-net-sells-3-8-bln-in-market-stabilization-efforts-in-h1-yonhap-news-agency
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Won weakness and central bank dollar selling raise the cost of imported feed ingredients and grains priced in dollars for Korean buyers, while a weaker won can modestly support Korean import demand pressure only at the margin.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20190930008700320

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