Korean banks' daily FX turnover fell in Q3
- 6 years ago
외환거래 규모 3분기 만에 최소…"환율 변동성 축소 영향
Daily currency trading volumes in Korea fell in the third quarter due to lower currency volatility.
The Bank of Korea says daily FX turnover by local and foreign banks in the nation recorded 54-point-seven billion U.S. dollars in Q3, down more than five percent from the quarter before,... making it the lowest reading since the fourth quarter last year.
The BOK attributed the fall to lower volatility of the won-to-dollar exchange rate, which dropped from the second quarter's point-3-9 percent to point-3-4 percent.
Since the turn of the year, the won has weakened against the greenback, staying at a range between 11-hundred-10 and 11-hundred-40 since July.
Daily currency trading volumes in Korea fell in the third quarter due to lower currency volatility.
The Bank of Korea says daily FX turnover by local and foreign banks in the nation recorded 54-point-seven billion U.S. dollars in Q3, down more than five percent from the quarter before,... making it the lowest reading since the fourth quarter last year.
The BOK attributed the fall to lower volatility of the won-to-dollar exchange rate, which dropped from the second quarter's point-3-9 percent to point-3-4 percent.
Since the turn of the year, the won has weakened against the greenback, staying at a range between 11-hundred-10 and 11-hundred-40 since July.