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Korea's daily FX turnover jumps 14.1% in Q1 on U.S. dollar trade

2018-05-10 3 Dailymotion

Foreign and local banks in South Korea saw their daily foreign exchange transactions surge in the first quarter by 14-point-1 percent.<br /> According to the Bank of Korea, the daily F-X turnover averaged 57-point-1 billion U.S. dollars in Q1... compared to the previous quarter's 50-point-Oh-3 billion.<br />Spot exchange trading volume rose to just under 22-point-8 billion dollars, up 16-point-1 percent.<br />By currency, the dollar led the increase... with a 17-point-8 percent spike.<br />The volume fell for the Chinese yuan... by 11-point-7 percent. <br />

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