S. Korea's forex trading grows in Q3

SEOUL, Oct. 15 (Xinhua) -- South Korea's foreign exchange trading grew in the third quarter due to strong demand for the U.S. and the Chinese currencies, central bank data showed Wednesday.

The daily average transaction of foreign currencies and derivatives in the domestic inter-bank market stood at 41.84 billion U.S. dollars in the July-September quarter, up 1.34 billion dollars compared to the previous quarter, according to the Bank of Korea (BOK).

The growth was affected by solid demand for the U.S. and the Chinese currencies, of which the daily average trading expanded by 0.72 billion dollars and 1.44 billion dollars each in the cited quarter.

Demand for FX swaps sank 0.48 billion dollars from three months earlier to 18.22 billion dollars in the third quarter, while the transaction of other derivatives, including currency swaps and options, reduced 0.22 billion dollars to 2.53 billion dollars. Enditem