# Offshore NDF Trading Drops 8% in Two Months

> South Korea's offshore won trading volume falls 8% as 24-hour won trading launches.
- Title: Offshore NDF Trading Drops 8% in Two Months · BigGo Finance
- Summary: South Korea's offshore won trading volume falls 8% as 24-hour won trading launches. South Korea's offshore non-deliverable forward trading volume dropped 8%…
- Keywords: bank of korea, non-deliverable forward, foreign exchange, won, nft trading, 24-hour won trading, interbank market, corporate forward, finance, markets, Offshore, NDF
- Source: BigGo Finance — https://finance.biggo.com/news/8556f743-435e-44ce-adc0-6301e4127448
- Author: BigGo Finance
- Published: 2026-10-16T04:05:28+00:00
- Read time: 1 min
- Topics: bank of korea, non-deliverable forward, foreign exchange, won, nft trading, 24-hour won trading, interbank market, corporate forward, finance, markets
## Offshore NDF Trading Volume Drops
Non-residents' average daily offshore non-deliverable forward trading volume fell from $24.74 billion in July to $22.78 billion in September.
## 24-Hour Won Trading Launched
South Korea introduced 24-hour won trading on July 6, shifting overnight trading to domestic markets.
## NDF Positioning Flips to Net Selling
Non-residents shifted from net purchases of $26.9 billion to net sales of $30.7 billion in Q3.
## Won-Dollar Exchange Rate Falls
Won-dollar exchange rate dropped from ₩1,424 at end-July to ₩1,352.8 at end-September.
## Interbank Trading Volume Rises
Interbank average daily foreign exchange trading rose $2.25 billion to $55.65 billion quarter-on-quarter.
## Corporate Forward Selling Declines
South Korean corporations' forward exchange net selling narrowed from $17.4 billion to $4.5 billion.
## Market Analysts Caution
Analysts say two months of declines aren't enough to confirm a structural shift in trading patterns.
## Exchange Rate Volatility Increases
Won-dollar exchange rate daily fluctuation range widened to 0.52% in September.
## Key Market Indicators
Q3 showed interbank trading up $2.25 billion, corporate net selling down $12.9 billion, and NDF trading up $960 million.
## What Happens Next
Market participants will watch if the trend persists as 24-hour won trading impacts offshore trading.
## Key takeaway

South Korea's offshore non-deliverable forward trading volume dropped 8% in two months after 24-hour won trading began.