Average Daily Won Trading Value Increases 22.5% from 2019
The Bank of Korea announced on Nov. 1 that the average daily won trading value in the global foreign exchange trading market was US$67.74 billion in April this year, up 22.5 percent compared to April 2019.
In this period, the average daily trading value of the market increased from US$6.6 trillion to US$7.5 trillion. The foreign exchange swap trading increased 19.1 percent to US$3.8 trillion and spot exchange and futures trading increased 6.5 percent and 16.6 percent, respectively.
In April 2019 and April 2022 alike, South Korea accounted for 0.7 percent of the global foreign exchange trading. In the latter month, the United Kingdom’s proportion was 38.1 percent, followed by the United States (19.4 percent), Singapore (9.4 percent), Hong Kong (7.1 percent) and Japan (4.4 percent).
USD trading accounted for more than 44 percent of the total trading that month, followed by EUR (15.25 percent), JPY (8.35 percent), GBP (6.45 percent) and CNY (3.5 percent). KRW trading made up 0.95 percent.
In the meantime, global OTC interest rate derivatives trading was US$5.2 trillion on daily average in April this year, down 18.8 percent from three years ago. This trading decreased for the first time since records began in 1995.