# NDF Share of Korea's Forward Market Starts to Shrink - Seoul Economic Daily

> 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.

- Date: 2026-11-01 · published 2026-11-01T12:09:08.783Z
- Category: report · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/8897-ndf-share-of-korea-s-forward-market-starts-to-shrink-seoul-economic-daily
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- en.sedaily.com: https://en.sedaily.com/finance/2026/11/01/ndf-share-of-koreas-forward-market-starts-to-shrink

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