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S.Korea's foreign exchange trading falls in Q3

SEOUL
2022-10-13 14:53

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SEOUL, Oct. 13 (Xinhua) -- South Korea's foreign exchange trading fell in the third quarter due to lower demand for the U.S. currency, central bank data showed Thursday.

The daily average transaction of foreign currencies and foreign exchange derivatives in the local inter-bank market came to 29.57 billion U.S. dollars in the July-September quarter, down by 2.5 billion dollars from the previous quarter, according to the Bank of Korea (BOK).

It was attributable to weaker demand for the U.S. dollar, the daily average trading of which declined by 2.12 billion dollars during the third quarter.

Foreign fund worth 1.65 billion dollars flowed out of the local stock market, while the domestic bond market posted a net foreign fund outflow of 640 million dollars last month.

The daily average volatility in the won/dollar exchange rate rose to 0.62 percent in September from 0.47 percent in the previous month.

Premium on credit default swap, which measures credit risk for the five-year government bonds, averaged 40 basis points in September, up from 37 basis points in the prior month.
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