South Korea’s foreign exchange trading fell last month due to lower demand for foreign currency derivatives, central bank data showed Friday.
The daily average transaction of foreign currencies and foreign currency derivatives in the local interbank market came in at 30.55 billion U.S. dollars in October, down 1.99 billion dollars from the previous month, according to the Bank of Korea (BOK).
It was caused by a weaker demand for foreign currency derivatives. Demand for FX swaps slipped 0.34 billion dollars to 14.76 billion dollars in the cited month, while demand for other derivatives such as currency swaps and options tumbled 1.06 billion dollars to 2.41 billion dollars.—Xinhua
