South Korea's interbank FX market slows in Q3
SEOUL - Growth in South Korea's interbank foreign exchange market slowed in the third quarter versus Q2, impacted by a drop in interbank FX forwards trading, according to the country's central bank.
In a report published on October 19, the Bank of Korea (BoK) said average daily FX volumes in Q3 rose 2% over the previous quarter to $21.9 billion, marking a fall from the 13% growth rate seen between Q2 and Q1. Interbank trading slid to $500 million on average in Q3.
Corporate net FX forwards
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