SEOUL: Foreign exchange (FX) turnover by banks in South Korea rose to the highest level in nearly two years largely due to an increase in transactions of non-dollar currencies, such as the euro and the yuan, data showed Thursday.
The daily FX turnover averaged US$47.22 billion in the first three months of the year, up 5.3 percent, or $2.36 billion, from the fourth quarter, according to the data compiled by the Bank of Korea (BOK).