Daily foreign exchange bank trading falls 2.3 percent in Q2

2024. 7. 23. 19:27
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Daily foreign exchange trading by banks in Korea fell 2.3 percent in the second quarter of the year on a fall in spot and derivatives transactions, central bank data showed Tuesday.
An employee arranges stacks of dollar bills at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Tuesday. [NEWS1]

Daily foreign exchange trading by banks in Korea fell 2.3 percent in the second quarter of the year on a fall in spot and derivatives transactions, central bank data showed Tuesday.

The daily FX turnover, including trading of derivatives, came to an average of $67.78 billion in the April-June period, compared with $69.4 billion the previous quarter, according to the data from the Bank of Korea.

The decreased turnover stemmed from a dip in both spot and derivatives trading, the central bank said.

The daily average turnover on the spot FX market reached $24.62 billion in the second quarter, down 5.7 percent from three months earlier. The figure for FX derivatives also fell 0.3 percent to $43.17 billion, the data showed.

Yonhap

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