S.Korea's foreign currency trading declines in Q2

Source: Xinhua| 2020-07-28 16:20:39|Editor: huaxia

SEOUL, July 28 (Xinhua) -- South Korea's foreign currency trading declined in double digits during the second quarter after posting a record high in the previous quarter, central bank data showed Tuesday.

The daily average transaction of foreign currencies by foreign exchange banks amounted to 52.02 billion U.S. dollars in the April-June quarter, down 12.4 percent from the record high of 59.37 billion dollars tallied in the prior quarter, according to the Bank of Korea (BOK).

The daily on-spot trading of foreign currencies averaged 20.32 billion dollars in the June quarter, down 3.8 percent from the previous quarter.

The daily average transaction of foreign exchange derivatives slipped 17.1 percent to 31.7 billion dollars in the cited quarter.

The daily foreign currency transactions among domestic banks reduced 5.8 percent to 24.57 billion dollars, and the figure among local branches of foreign banks retreated 17.6 percent to 27.45 billion dollars. Enditem