Trading at Zero Level Before 9 AM

In the Seoul foreign exchange market, the MAR (Market Average Exchange Rate) quotes were traded at a level of zero (0) before 9 AM on the 14th. The Non-Deliverable Forward (NDF) fixing positions were also aggregated to square, indicating that the pre-opening position burden was not tilted in one direction. The dollar-won spot MAR price was traded at zero, which means there is no difference from the market average exchange rate. MAR is a benchmark price calculated based on dollar-won spot transactions executed in the Seoul foreign exchange market. Market participants use the MAR quotes before and after the opening as a reference indicator to observe the early market supply and position adjustment conditions. The fact that the NDF fixing position is square means that the fixing positions that domestic market participants need to handle after the opening are neutral. This indicates that there is no specific direction of pressure for either buying or selling dollars. This figure is limited to the MAR trading and NDF fixing positions before 9 AM. The trading at zero on the 14th is lower than the previous baseline trading of +0.05 won.

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