Daily FX turnover hits new high in Q3: BOK

Daily foreign exchange trading by banks in Korea reached a new high in the third quarter, averaging $122.01 billion per day. This increase is largely attributed to strong trade-related transactions. The higher turnover is significant for markets as it indicates increased economic activity and trade between countries, which can have a positive impact on the global economy.

Why it matters

Korea's foreign exchange trading has increased, which could lead to a stronger won. This is because a high FX turnover can indicate a strong and stable economy, which may attract foreign investors and increase demand for the won.

Market impact

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