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South Korea's 24-Hour FX Market Opens on Public Holiday for First Time on July 17, Limited Trading Activity

GateNews
Forex
South Korea's 24-hour foreign exchange market conducted its first trading session on a public holiday on July 17 (Constitution Day), according to market participants. The Korean won opened at 1,481 per U.S. dollar at 9 a.m. and continued trading through the following morning at 6 a.m., with the afternoon 4 p.m. Time-Weighted Average Price (TWAP) calculated normally. A securities company FX dealer stated that early morning trading volumes remained low, with fewer than 50 transactions recorded after 2 a.m., indicating that the holiday session functioned primarily as a system test rather than active market trading. The Bank of Korea deployed 24-hour FX monitoring systems in London and New York to support continuous operations, while Seoul offices filled gaps during Korean holidays when overseas offices closed.
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