[THE INVESTOR] The volatility in the won-dollar exchange rate remained high in the second quarter, but the average gap between daily highs and lows shrank from the previous quarter, central bank data showed on July 17. 

The average gap between the daily high and low of the won-dollar exchange rate stood at 7.7 won in the three months ending June 30, compared with the average of 8.2 won in the Jan-March period, according to the data from the Bank of Korea. 

The intraday gap fell to an average 6 won in May, but hit 8.7 won in June, due to heightened global financial market and economic uncertainty following Britain’s vote to exit the European Union. 

The average daily variation, showing the change from the previous session’s closing price, increased to 6.9 won in June.

For the second quarter, the average daily variation came to 6.5 won, unchanged from the first quarter. 

The average won-dollar exchange rate came to 1,163.3 won against the US dollar, up 3.2 percent or 37.6 won from 1,200.9 won per dollar in the previous quarter. 

Meanwhile the total daily foreign exchange trading volume came to US$ 23.23 billion in the second quarter, down from US$ 24.72 billion in the first quarter. 

(theinvestor@heraldcorp.com)