Seoul Foreign Exchange Brokerage Expands Exchange Rate Quotation to 57 Currencies... 14 Added

[Asia Economy Reporter Seo So-jeong] Seoul Foreign Exchange Brokerage announced on the 30th that it plans to expand the number of currencies subject to exchange rate quotations from the current 43 to 57 starting next month on the 1st.

Seoul Foreign Exchange Brokerage selected an additional 14 currencies for quotation after discussions at the Seoul Foreign Exchange Market Operation Council.

The additional quoted currencies are Cambodian Riel, Myanmar Kyat, Omani Rial, Macanese Pataca, Chilean Peso, Kenyan Shilling, Nepalese Rupee, Colombian Peso, Libyan Dinar, Sri Lankan Rupee, Fijian Dollar, Ethiopian Birr, Uzbekistani Som, and Romanian Leu.

Currently, the US Dollar and Chinese Yuan (CNH) have their transaction reference rates quoted, while other currencies have revised transaction reference rates quoted (exchange rates indirectly calculated based on the exchange rate of each currency against the US Dollar to determine the rate between the Korean Won and the respective currency).