Daily foreign exchange in S. Korea turnover hits fresh high in Q3: BOK
SEOUL: Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high in the third quarter, driven by increased spot transactions, central bank data showed on Monday.
SEOUL: Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high in the third quarter, driven by increased spot transactions, central bank data showed on Monday.
Average daily FX turnover, including derivatives trading, came to an average of $82.84 billion during the July-September period, up 0.8 per cent from the second quarter, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.
It marked the highest quarterly level since the central bank began compiling such data under the current statistical standards in 2008, and the third consecutive record high.
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