Daily FX Turnover Hits New High in Q3: BOK
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4 Articles
Daily FX turnover hits new high in Q3: BOK
Daily foreign exchange (FX) trading by banks in Korea rose slightly to reach a new high in the third quarter on strong trade-related transactions, central bank data showed Friday. Average daily FX turnover, including derivatives trading, came to an average of $122.01 billion during the July-September period, up $570 million, or 0.5 percent, from the second quarter, according to the data from the Bank of Korea (BOK). The quarterly figure has been…
The Bank of Korea announced on the 30th that the average daily volume of foreign exchange transactions (spot exchange and foreign exchange derivatives) by foreign exchange banks in the third quarter was $122.01 billion, an increase of $570 million (0.5%) from the previous quarter ($121.44 billion), which had been an all-time high. This marks the seventh consecutive quarter of record-highs on a quarterly basis, starting from the first quarter of …
(Seoul = Yonhap News) Reporter Lee Do-heun = Despite the expansion of import and export volumes, the daily average in the third quarter of this year... due to factors such as reduced exchange rate volatility and a decrease in foreign investors' trading of domestic securities.
Despite a surge in import and export volumes during the third quarter of this year, the volume of foreign exchange transactions showed only a slight increase. This is attributed to relatively small fluctuations in exchange rates and a decrease in foreign investors' trading of domestic securities. According to the ‘Trends in Foreign Exchange Transactions by Foreign Exchange Banks in the Third Quarter’ released by the Bank of Korea on the 30th, th…
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