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fxJun 11, 2026, 5:51 PM

Commerzbank: South Korea Tightens FX Oversight to Steady Won

Commerzbank notes South Korean authorities have intensified FX monitoring, including more frequent reviews of banks' FX positions and joint inspections with the Bank of Korea, aiming to stabilize the Korean Won. USD/KRW consolidates near 1,520 after hitting its highest level in years.

USDKRW

Commerzbank reports that South Korean authorities have stepped up foreign exchange oversight in an effort to stabilize the Korean Won. Measures include more frequent reviews of banks' FX positions and joint inspections conducted with the Bank of Korea.

The USD/KRW pair is currently consolidating around the 1,520 level, having recently touched its highest point since a significant prior high (exact date not specified in the source). The central bank's actions reflect concern over excessive won weakness.

Source: FXStreet Forex News