KRX US Dollars Futures

Manage USD/KRW currency exposure on one of Asia's most liquid FX futures markets.

KRX US Dollars Futures are physically delivered currency futures listed on the Korea Exchange (KRX), enabling traders and institutions to gain or hedge exposure to the US Dollar against the Korean Won (KRW). Each contract represents USD 10,000, with prices quoted in Korean Won per USD 1 to two decimal places.

Since their listing on 23 April 1999, KRX US Dollar Futures have established themselves as the primary on-exchange venue for USD/KRW risk management in Korea. The contracts are available across twelve consecutive monthly expiries and eight additional quarterly months, offering a comprehensive term structure for both short-term trading and longer-dated hedging strategies.

Settlement is by physical delivery — on the final settlement date, buyers deliver the KRW settlement payment while sellers deliver the US Dollar amount, with KRX facilitating the exchange between clearing members and their customers. Both a regular daytime session and an extended night session (18:00–06:00) are available, providing access during major global FX market hours.

Key Benefits

• Established USD/KRW Hedging Venue
  • Trading since April 1999, KRX US Dollar Futures provide an exchange-regulated, centrally cleared alternative to OTC FX forwards for managing Korean Won exposure.
     
• Physical Delivery Settlement
  • Contracts settle via Delivery Versus Payment (DVP) — buyers deliver KRW and receive USD, and vice versa for sellers — providing a structured, exchange-facilitated settlement process.
     
• Extended Trading Hours
  • A night session from 18:00 to 06:00 allows participants to respond to global FX market movements and major economic data releases outside Korean daytime hours.
     
• Comprehensive Contract Calendar
  • Twelve consecutive monthly contracts plus eight quarterly months provide a full forward curve, supporting a wide range of hedging and directional trading strategies.
     
• Transparent Price Discovery
  • Prices are quoted in KRW per USD 1 to two decimal places, with a tick size of 0.10 (representing a value of KRW 1,000), enabling precise and transparent price formation.
     
• Central Counterparty Clearing
  • All trades are cleared through KRX's central counterparty, reducing counterparty credit risk compared to bilateral OTC FX arrangements.
     

Contract Specifications

Source: Korea Exchange (KRX)

This advertisement has not been reviewed by the Monetary Authority of Singapore.
 

ENQUIRY FORM