Q3 Daily Average Forex Trading Volume $57.5 Billion... 0.6% Decrease

[Asia Economy Reporter Jang Sehee] The average daily foreign exchange transaction amount in the third quarter (July to September) slightly decreased compared to the second quarter.

According to the "Foreign Exchange Bank Foreign Exchange Transaction Trends" announced by the Bank of Korea on the 31st, the average daily foreign exchange transaction amount (spot exchange and foreign exchange derivatives transactions) of foreign exchange banks in the third quarter was $57.53 billion. This is 0.6% ($320 million) less than the previous second quarter ($57.85 billion).

This is due to a mix of factors increasing foreign exchange transaction amounts, such as expanded exchange rate volatility, and factors decreasing them, such as reduced foreign securities investment.

By product, spot exchange transactions ($22.34 billion) decreased by 2.4% ($540 million), but foreign exchange derivatives transactions ($35.19 billion) increased by 0.6% ($210 million).

By bank type, domestic banks' transaction volume was $24.99 billion, down $510 million (2.0%) from the previous quarter, while foreign bank branches' transaction volume was $32.54 billion, up $190 million (0.6%) from the previous quarter.

This content was produced with the assistance of AI translation services.