April 19, 2024

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[THE INVESTOR] The daily foreign exchange turnover by local and foreign banks in Korea edged up 1.5 percent in the third quarter from the previous three-month period, the central bank said on Nov. 20.

The daily FX turnover averaged US$51.61 billion from July to September, compared with the previous quarter‘s US$50.85 billion, according to the Bank of Korea.

The daily trading volume of foreign exchange spots reached US$19.66 billion in the third quarter, down 0.2 percent from the previous quarter.

By currency type, the daily dollar-won trading volume fell 3.7 percent to US$13.62 billion, while the daily turnover for the Chinese yuan-won rose 27.7 percent to US$2.44 billion during the cited period.

By Alex Lee and newswires (alexlee@heraldcorp.com)