Citi said that if the Korean won unexpectedly strengthens rapidly and the exchange rate of the US dollar falls rapidly below the range of 1,250 to 1,300 won per US dollar, the South Korean authorities may buy US dollars in the foreign exchange spot market. Citibank economist Kim Jin-wook wrote in the research report that based on the goal of smoothing the exchange rate fluctuation between the US dollar and the Korean won, historical foreign exchange purchase points, and US dollar financing requirements, once the exchange rate hits this range, the foreign exchange management department may take action; historically, the authorities have entered the market to buy foreign exchange at a price close to that. In 2025, when the US dollar remained in the 1420-1470 range against the Korean won, South Korea's exchange rate smoothing intervention operation increased. The agency believes that in the next few years, South Korea's foreign exchange authorities will tend to expand the size of foreign exchange reserves.

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