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About SMBS

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  • Basic Exchange Rate
  • Arbitrated Basic Exchange RateArbitrated Basic Exchange Rate
  • Forward Evaluation Exchange RateForward Evaluation Exchange Rate

Basic Exchange Rate

Basic Exchange Rate refers to MAR (Market Average Rate) determined as the transactions volume-weighted average of the rates applied in the previous business day's transactions between foreign exchange banks through brokers.

Basic Exchange Rate
Calculation

Calculated by doing the transactions volume-weighted average of the rates applied in the previous business day's transactions between foreign exchange banks through brokers.

Notification

- SMBS Electronic Broking System (EBS) and Homepage
- Information providers on and offshore (Reuters: KFTC18, SMBS18, InfoMax 2201, Bloomberg News, etc.)

Hours At 08:30 am of the next business day