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…
The Bank of Korea reported a new high in daily foreign exchange (FX) turnover in Q3, with an average of $122.01 billion, up 0.5% from the previous quarter. The increase was driven by strong trade-related transactions, but was partially offset by a decrease in offshore investors' stock transactions due to a market correction. Exports and imports rose to a combined $173.9 billion in the third quarter, while foreign stock trading activity fell from an average of 1,285 trillion won per month in the second quarter to 1,154 trillion won in July and August.
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- Daily FX turnover hits new high in Q3: BOK en.yna.co.kr
- Daily FX turnover hits new high in Q3: BOK koreatimes.co.kr
