韓元貶破1480！南韓國民年金重啟外匯避險，力阻匯率跌向16年新低
韓元兌美元匯率逼近16年新低，一度貶破1480大關。為穩定匯市，南韓國民年金（NPS）已重啟外匯避險操作，透過與央行的貨幣互換協議，力圖阻止韓元進一步貶值。
您的海外旅遊成本和進口商品價格，正受匯率牽動。在韓元兌美元匯率逼近16年來新低的危急時刻，南韓的「國家隊」已然出手。據消息人士透露，南韓國民年金（NPS）已重啟戰略性外匯避險操作，為搖搖欲墜的韓元匯率提供支撐。
匯率失速：貶破1480心理關卡
此次行動的導火線，是韓元匯率的急遽貶值。繼11月跌破1450的心理關卡後，貶值壓力持續累積。本週二，匯率一度觸及1美元兌1483.6韓元，創下近16年來最低水平。對此，南韓當局發出強烈的「口頭干預」，稱韓元貶值「過度」，並表示市場將很快看到政府穩定匯市的「強烈」決心。
在官方喊話後，市場信心稍獲提振。週三，韓元兌美元匯率強彈33.8韓元，收在1449.8，創下逾三年來最大單日漲幅。截至今日上午11點50分，韓元匯價回升至1美元兌1431.95韓元。
國家隊如何出手救市？
國民年金此次採取的策略，是透過與韓國央行（BOK）的貨幣互換協議。具體而言，國民年金向央行提供韓元，以換取美元。這項安排的關鍵在於，國民年金無需在現貨市場上買入美元，從而減輕了市場上的美元需求壓力。
取得美元後，國民年金可用於新的海外投資，或賣出以對沖現有資產。此舉實質上讓國民年金成為美元的淨賣方，有助於支撐韓元價值。據悉，原定於今年底到期的貨幣互換協議與避險計畫均已延長一年。
外匯市場波動極大，政府干預的效果可能僅為短期。投資者應根據自身情況謹慎評估風險，本文不構成任何投資建議。
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