(Seoul=Yonhap Infomax) Sun Young Jung – In the Seoul foreign exchange market, pre-opening market average rate (MAR) quotes were reported at a flat ('zero') level.


According to multiple brokers on the 21st, the USD/KRW spot MAR price was traded at 'zero' just before the market opened.


The non-deliverable forward (NDF) fixing position was described as 'square,' indicating a neutral stance.


This means that, after the market opens, onshore participants will not face a directional imbalance in NDF fixing positions that require adjustment.


syjung@yna.co.kr


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