
Bank of Korea data show that deliverable forward trading by domestic FX banks averaged $4.79 billion a day in Q3, up 14.3% from the prior quarter. Offshore non-deliverable forward trading rose 3.1% to $19.42 billion over the same period.
The DF share of forward trading rose to 19.8% from 18.2%, while the NDF share fell to 80.2% from 81.8%, the first quarterly shift since 24-hour trading began in July.
A shift toward won-settled forwards deepens onshore won liquidity and could reduce offshore hedging pressure on the currency over time. This is a gradual structural change with little direct effect on agricultural commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.