(MENAFN- Qatar News Agency) oul April 17 - The daily volatility of the South Korean currency rose in the first quarter from three months earlier affected by emerging market unrest South Korea's News (Yonhap) reported Thursday. The average daily volatility of the local currency was measured at 4.9 won in the January-March period compared with 3.4 won the previous quarter according to the Bank of Korea (BOK). The volatility increased in tandem with fluctuations in the currencies of other emerging countries. The won posted the sixth-lowest daily volatility of 0.36 % among 15 currencies of the Group of 20 economies. The Korean won fell 0.9 % against the U.S. dollar in the first quarter following a 1.8 % appreciation in the fourth quarter. South Korean banks' daily foreign exchange trading volume rose in the first quarter from three months earlier on improving exports. The daily foreign exchange trading volume among banks averaged US$19.6 billion in the first quarter up 12.9 % from the previous quarter.
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