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S. Korea's forex trading rises in Q4

SEOUL
2024-01-10 14:30

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SEOUL, Jan. 10 (Xinhua) -- South Korea's foreign exchange trading rose in the fourth quarter, central bank data showed Wednesday.

The daily average transaction of foreign currencies and foreign currency derivatives in the local inter-bank market stood at 31.84 billion U.S. dollars in the October-December quarter, up 0.94 billion dollars from the previous quarter, according to the Bank of Korea (BOK).

Foreign capital worth 2.52 billion dollars flowed into the South Korean stock market in December, while the domestic bond market posted a net foreign fund outflow of 0.79 billion dollars.

The daily average volatility in the won/dollar exchange rate slipped to 0.58 percent in December from 0.62 percent in the previous month.

Premium on credit default swap, which measures credit risk for the five-year government bonds, averaged 27 basis points in December, down from 37 basis points in the prior month.
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