2nd quarter average foreign exchange transactions decreased by 2.3% due to reduced exchange rate volatility.

[Yonhap News photo],
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, ‘ (Seoul=Yonhap News) By Han Ji-hoon = Amid reduced exchange rate volatility in the second quarter (April-June), the average daily foreign exchange transactions centered on spot transactions decreased compared to the previous quarter.’,
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, ” According to the ‘Foreign Exchange Transaction Trends of Foreign Exchange Banks in the Second Quarter’ released by the Bank of Korea on the 23rd, the average daily foreign exchange transactions (spot transactions and foreign exchange derivative transactions) for the period totaled $67.78 billion.”,
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, ‘ This figure is 2.3% lower than the record high in the previous quarter ($69.4 billion).’,
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, ‘ A Bank of Korea official explained, “Amid relatively low exchange rate volatility, foreign exchange transactions decreased, mainly centered on spot transactions,” adding, “Seasonal factors also contributed to the decrease compared to the previous quarter.”‘,
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, ‘ By category, the average daily spot transactions ($24.62 billion) decreased by 5.7% ($1.5 billion) compared to the first quarter, while foreign exchange derivative transactions ($43.17 billion) decreased by 0.3% ($110 million).’,
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, ‘ Among foreign exchange banks, the foreign exchange transactions of domestic banks ($30.13 billion) decreased by 3.0% ($940 million), and those of foreign bank branches ($37.66 billion) decreased by 1.8% ($680 million) each.’,
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