SEOUL, Dec. 9 (Xinhua) -- The trading of foreign exchange and over-the-counter (OTC) derivatives products posted a double-digit growth for the past three years, central bank said Monday.
The outstanding transactions of the country's FX and OTC derivatives reached about 1.77 trillion U.S. dollars as of the end of June, up 31 percent from 1.35 trillion dollars recorded three years earlier, the Bank of Korea (BOK) said citing data from the Bank for International Settlements (BIS).
It came as banks increased the trading of FX and OTC derivatives to hedge the higher currency risks, caused by the global trade dispute.
The turnover of FX products jumped 54 percent in the cited period, with the figure for OTC derivatives growing 9.2 percent.
The gross market value of the country's FX and OTC derivatives trading amounted to about 35.7 billion U.S. dollars as of end-June, down from 41.6 billion dollars tallied three years ago.
It was attributed to a 40-percent decline in the value of derivatives products.
