(MENAFN) S. Korean foreign currencies by banks dropped almost 10 percent in the third quarter, because of a cut in won-yuan deals provoked by the nation's exports.
In addition to this, daily trading reached to USD 19.69bn at the end of Sept. 30, while the Q3 score marks a 9.7 percent decline from USD 21.8bn in April-June.
Furthermore, the fall was mainly credited to 29.3 percent in won-yuan deals before three months earlier, whereas contacts between won and other currencies has also dipped.
"Won-yuan trading shrank greatly from the previous quarter as transactions slowed ahead of selecting a won-yuan direct exchange market operator," Said the BOK.
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