Why the won-dollar exchange rate of 1410 won is the Maginot Line

If the won-dollar exchange rate exceeds 1,410 won, the national pension will be exchanged.
I just found out that there is a gang that needs to intervene in the wool market.
It’s impossible
If the won-dollar exchange rate continues to exceed 1,410 won,
In many cases, there is an investment loss in the national pension, our retirement fund.
This means that this happens:
What does it mean?

What does the national pension have to do with exchange rate defense?
Due to recent emergency accounting, the won-dollar exchange rate has decreased by 1,440.
It went down to 1 won, but then slowly went up again.
Possible trends:
The won-dollar exchange rate is still very high at 1,421.9 won.
At a high level:
Convert US Dollars to South Korean Won
1,421.9401
^1.61%6
+22.5901 5 days
December 6, 10:57:40 AM UTC
Disclaimer
1 day
5 days
1 month
6 months
YTD
nine years
5 years
maximum
1,415.8300
1,440
December 5, 500 UTC
1,430
1,420
1,410
1,400
1,390
December 2nd
12 Hair 3 days
December’s Day
12 water 5 days
December 6th

However, the won-dollar exchange rate reached around 1,410 won.
If this happens, the National Pension Service will mechanically sell forward currency.
Let’s go:
Commercial banks, etc. that accepted national pension forward contracts
Geumwoom Institution is to hedge the futures purchase position.
It’s hot to sell dollars on the spot market:
If this happens, the dollar-won exchange rate will fall. In other words, won-dollar exchange
You will be happy.
Overseas assets held by the National Pension Service amount to approximately $400 billion.
Considering that it is close to the strategic hedge ratio,
Up to $40 billion, equivalent to a 10% cap.
This means it can pour into the market.
Since then, the won-dollar exchange rate has been well defended at 1,410 won.
If that happens, you won’t have any problems.

However, if it goes up beyond that, the national pension
The foreign exchange hedge will result in an investment loss:
The National Pension Service intervenes in the exchange rate market.
It is not an independent decision, but a request from the state to make the relevant provisions.
The term is automatically included.
Aren’t you a tech patriot?
I confess honestly; The time when the decree is declared:
In other words, when the won-dollar exchange rate and the won-yen exchange rate soar.
I made a profit through currency exchange.
Exchange a very small amount at the won-yen exchange rate of 963 won as shown below.
This year, the foreign exchange gain is about 7%, or about 400,000 won.
Let’s get a shroud. (I was in a hurry to get the won-dollar exchange.
I couldn’t use the screen camera)

I made some foreign exchange gains, but in some ways I got a little bit of yen.
Since we sold the frame and bought the won, we are very careful about protecting the exchange rate.
Do you wonder if you contributed at least some gold?
all:
I made an exchange profit, but the national pension is mechanically
In order to protect against the exchange rate, sell dollar bills and make money.
If we lose money on foreign exchange, our national pension will end up being deducted.
This can cause problems:
The national pension, the last bastion of our old age, will never be lost.
If the thread breaks, it won’t work.
If you look at the National Pension Service’s exchange rate protection rate, it is a total number.
However, losses may occur due to the decline in the value of the won.
This is a high-stakes situation.

It’s not a foreign exchange reserve issue.
From 1,470 won or more, exchange rate protection begins with national pension.
The future of the country is being melted and discussed in a room.

USD to KRW Chart -0.06% (12H)
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1,424.44 KRW
Dec 7 2024, 12:47 UTC
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2024 1245 UTC
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