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S. KOREA RANKED 18TH WORLDWIDE IN FOREX TURNOVER.
SEOUL, Oct 1 Asia Pulse - South Korea's global ranking in terms of the turnover of traditional foreign exchange transactions, including spot transactions, forwards and foreign exchange swaps, fell three notches from three years earlier to 18th this year, the central bank said Sunday.
In April this year, an average of US$33.4 billion was traded daily on the country's traditional foreign exchange markets, up 69 per cent from the same month in 2004, the Bank of Korea said, citing a preliminary report released by the Bank of International Settlements (BIS).
Compared with a similar survey conducted in 2004, South Korea's share of the global turnover in traditional foreign exchange markets remained unchanged at 0.8 per cent, but the nation was overtaken by Luxembourg, India and Belgium in the global rankings, said the bank.
Britain topped the list by accounting for 34.1 per cent of the global turnover, ...
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Source: HighBeam Research, S. KOREA RANKED 18TH WORLDWIDE IN FOREX TURNOVER.