South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

Increased demand for cross-border transactions of securities drove the growth.

Daily foreign exchange trading by banks in South Korea reached a record quarterly high in Q1 2023, reports Yonhap News Agency, based on data from the Bank of Korea (BOK).

Daily FX turnover averaged US$66.83b in the January to March period. In Q1 2022, the average turnover was $57.44b.

Increased demand from cross-border transactions of securities drove the growth.

ALSO READ:Korean banks’ in solid position to weather strong US dollar

It marked the largest quarterly turnover since relevant data started to be compiled under the current revised statistical standards in 2008, according to Yonhap.

Growth stemmed from increased trading of securities by local and foreign investors.

foreign exchange

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Banking & Finance account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit