S. Korean won's volatility up in Q3
SEOUL, Oct. 22 (Yonhap) -- The intraday volatility of the South Korean currency against the U.S. dollar rose in the third quarter compared with three months earlier amid investor hopes for a shift in the U.S. Federal Reserve's monetary policy stance.
The average intraday change in the Korean won versus the dollar increased to 4.4 won in the July-September period, compared with 3.7 won in the previous quarter, according to the Bank of Korea (BOK).
The day-on-day change also rose to 3 won in the three-month period from 2.5 won, with the won's rate of change marking the highest level among G-20 emerging economies.
Overall, the won depreciated 4.1 percent against the greenback in the third quarter, reversing from a 5.2 percent appreciation three months earlier.
The central bank explained that the won strengthened to a yearly high of 1,008.5 won against the U.S. dollar on July 3 but sharply depreciated during the remaining period as the greenback strengthened on hopes of an economic recovery and the Fed's policy change.
The data, meanwhile, showed that forward transactions of domestic companies shifted to US$1.8 billion in net selling from $10.1 billion in net buying in the previous quarter as exporter demand for currency hedging increased.
Non-deliverable Forward (NDF) trading reversed to a net buying of $22.1 billion from a net selling of $16.1 billion amid a strengthening dollar and concerns over a weakening yen, according to the BOK.
mil@yna.co.kr
(END)
-
(Movie Review) 'Troll Factory' navigates blurred line between fake, real with anticlimactic finale
-
Police officer admits to leaking investigation report into late actor Lee Sun-kyun
-
'Parasyte: The Grey' adapts Japanese alien invasion manga to Korean setting
-
S. Korea, U.S. launch task force to block N. Korea's nuclear, missile programs
-
N. Korean leader sends condolences to Putin over Russian concert hall shooting
-
(Movie Review) 'Troll Factory' navigates blurred line between fake, real with anticlimactic finale
-
'Parasyte: The Grey' adapts Japanese alien invasion manga to Korean setting
-
Police officer admits to leaking investigation report into late actor Lee Sun-kyun
-
Congenital diseases of children born from mothers working at Samsung recognized as industrial accidents
-
N. Korean leader sends condolences to Putin over Russian concert hall shooting
-
S. Korea, U.S. launch task force to block N. Korea's nuclear, missile programs
-
Unification minister slams N. Korea's abduction, detention of S. Koreans as inhumane
-
(LEAD) S. Korea, U.S. launch task force to block N. Korea's nuclear, missile programs
-
Major hospitals in emergency mode amid huge losses over doctors' walkout
-
Seoul bus drivers go on general strike