Foreign exchange turnover by South Korean banks grew 1.3 percent in 2013 from a year earlier on an increase in trade and foreigners’ stock investment, the central bank said Friday.
The daily FX turnover averaged $45.98 billion last year, compared with $45.38 billion the previous year, according to the Bank of Korea.
The daily trading volume of spots came to $18.18 billion last year, up 1.2 percent from a year earlier, it added.
The daily foreign exchange turnover of forward deals gained 7.3 percent on-year to $7.13 billion while that of FX swaps shed 1.3 percent to $19.54 billion, it said.
In 2013, Asia’s fourth-largest economy grew 2.8 percent, the fastest in two years, after increasing 2 percent in the previous year.
The Korean won appreciated 1.4 percent against the U.S. dollar in 2013 amid the surplus run of the current account. (Yonhap)
The daily FX turnover averaged $45.98 billion last year, compared with $45.38 billion the previous year, according to the Bank of Korea.
The daily trading volume of spots came to $18.18 billion last year, up 1.2 percent from a year earlier, it added.
The daily foreign exchange turnover of forward deals gained 7.3 percent on-year to $7.13 billion while that of FX swaps shed 1.3 percent to $19.54 billion, it said.
In 2013, Asia’s fourth-largest economy grew 2.8 percent, the fastest in two years, after increasing 2 percent in the previous year.
The Korean won appreciated 1.4 percent against the U.S. dollar in 2013 amid the surplus run of the current account. (Yonhap)