S. Korea's interbank forex trading volume rebounds in October-Xinhua - 新华网

SEOUL, Nov. 12 (Xinhua) -- South Korea's interbank foreign exchange trading volume rebounded last month, driven by higher transactions of foreign exchange (FX) swaps and the Chinese currency, central bank data showed Thursday.

The daily average transaction of foreign currencies and derivatives in the domestic interbank market edged up 0.13 billion U.S. dollars month on month to 55.42 billion dollars in October, turning around from a decline of 1.94 billion dollars in the previous month, according to the Bank of Korea.

FX swaps rose by 0.7 billion dollars from a month earlier to reach a daily average trading of 26.17 billion dollars in October.

In spot exchange, U.S. dollar trading fell 0.45 billion dollars to 18.54 billion dollars, but the Chinese yuan transactions inched up 0.07 billion dollars to 4.46 billion dollars.

The forward contracts trading fell 0.09 billion dollars to 2.45 billion dollars, while transactions of other derivatives, including currency swaps and options, were down 0.09 billion dollars to 3.79 billion dollars.

The daily average volatility in the South Korean won versus U.S. dollar exchange rate went down to 0.34 percent in October from 0.52 percent in September.

The won versus dollar exchange rate slightly decreased to 1,334.3 won per dollar at the end of October from 1,352.8 won tallied a month earlier.

Premium on credit default swap, which gauges credit risk for five-year government bonds, averaged 24 basis points in October, up from 22 basis points in the previous month. ■