Korea's Offshore NDF Trading Hits Record $22.77B Daily Average in Q2, Up 8.5% QoQ

According to the Bank of Korea's report released on July 14, offshore non-deliverable forward (NDF) contracts traded by foreign investors averaged $22.77 billion daily in the second quarter of 2026, rising $3.87 billion from Q1 and marking the highest quarterly volume since 2018. The NDF transactions accounted for 76% of all currency hedge-related products in the same period.
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