SEOUL-- The daily foreign exchange turnover by local and foreign banks in South Korea edged up 1.5 percent in the third quarter from the previous three-month period, the central bank said Monday.

The daily FX turnover averaged US$51.61 billion from July to September, compared with the previous quarter's $50.85 billion, according to the Bank of Korea (BOK).

The daily trading volume of foreign exchange spots reached $19.66 billion in the third quarter, down 0.2 percent from the previous quarter.

By currency type, the daily dollar-won trading volume fell 3.7 percent to $13.62 billion, while the daily turnover for the Chinese yuan-won rose 27.7 percent to $2.44 billion during the cited period.

South Korea and China launched a direct exchange market for their currencies in December 2014.

The daily foreign exchange derivatives turnover averaged $31.95 billion in the third quarter, up 2.6 percent from a quarter earlier, according to the BOK.

Source: Yonhap News Agency