Korean Won/U.S. Dollar (KRW/USD) Futures

Cash-settled and electronically traded with the certainty of our clearing house

Key Macro Facts

The 2019 Economic Survey of Korea published by the OECD in June 2018 has projected South Korea’s economy to grow at 3% in 2018 and 2019.

At the same time, the country’s foreign exchange reserves rose from USD 240 billion to USD 397 billion in March 2018, equivalent to 24% of annual GDP, the ninth largest in the world and more than three times short-term foreign debt.  However, the reserves have significant fiscal costs and entail foreign exchange risk.

In terms of exports, South Korea’s top trading partner is China followed by the United States. Korea is also the world’s fifth largest crude oil importer and impacted by the price of oil.

Key Benefits

Traded electronically, the Korean Won futures contract provides an efficient means for global participants to manage their exposure to the Won.

Key capital efficiencies and margin offsets

  • 45% savings with Australian Dollar (AUD/USD)
  • 44% savings with New Zealand Dollar (NZD/USD)
  • 30% savings with Euro (EUR/USD), Canadian Dollar (CAD/USD) and Hungarian Forint (HUF/USD)
  • 25% savings with Japanese Yen (JPY/USD)

CME Group KRW/USD FX Futures

Be Part of the Trend and Trade Cash-Settled Korean Won Futures at CME Group

Available Now on the Platform You Want

Standard Futures

CME Globex: KRW Bloomberg: KOA Curncy Reuters: 0#KWR:

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Bringing together market participants and their liquidity, from pension funds to banks, from hedge funds to corporates, from more than 150 countries nearly 24 hours a day, ready for market-impacting events.

Transact with Flexibility

Choose a block or an EFRP where you can still privately negotiate your trades but submit them directly into our clearing systems to free up credit lines and mitigate bilateral exposure – whether you are trading in Korea or anywhere else in the world.

Reduce Risk and Manage Uncleared Margin Rule Changes

Through position-netting and by utilizing the capital and margin efficiencies of cleared and listed FX:

55 futures, 24 options, 26 CSFs and 12 NDFs

Get Connected to the World’s Largest Regulated FX Marketplace

$100 billion of daily FX volume and the firm liquidity you need to manage FX risk, from won to peso.

Contract Specs

Standard Futures

Contract Unit 125,000,000 Korean won
Trading Hours CME Globex: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Minimum Price Fluctuation $.0000001 per Korean won increments ($12.50/contract).
Product Code CME Globex: KRW
CME ClearPort: KRW
Clearing: KRW
Listed Contracts Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months
Settlement Method Financially Settled
Termination Of Trading Trading terminates on the second Seoul business day prior to the third Wednesday of the contract month at 3:30 p.m. Seoul local time.
Settlement Procedures KRW/USD Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 271
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing

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