SEOUL, Oct. 14 (Xinhua) -- South Korea's foreign exchange market volatility fell last month on eased concerns about the global trade dispute, central bank data showed Monday.
Volatility for the won/dollar exchange rate recorded a daily average of 0.31 percent in September, down from 0.41 percent in the previous month, according to the Bank of Korea (BOK).
It was attributable to the alleviated worry about the global trade dispute. Expectations increased for the trade spat to be resolved sometime in the near future.
Premium for credit default swap (CDS), which gauges credit risk for five-year government bonds, averaged 31 basis points in September, down 1 basis point from a month earlier.
The daily average transaction of foreign currencies in the inter-bank market amounted to 26.15 billion U.S. dollars in the July-September quarter, down 0.4 billion dollars from the previous quarter.
The won/dollar exchange rate settled at 1,196.2 won per dollar as of Thursday, down from 1,211.2 won as of end-August.
The local currency's ascent to the greenback came amid the eased worry about the global trade feud.
