Daily foreign exchange bank trading falls 2.3 percent in Q2
![An employee arranges stacks of dollar bills at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Tuesday. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2024/07/23/0a95d5f1-148c-4e7c-910c-4597a4339313.jpg)
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
with the Korea JoongAng Daily
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