SEOUL, Nov. 8 (Xinhua) -- Foreign funds inflow into South Korea hit a five-month high amid eased geopolitical risks, central bank data showed Wednesday.
Foreign capital worth 3.48 billion U.S. dollars flowed into the local stock and bond markets in October, marking the biggest inflow since May, according to the Bank of Korea (BOK).
Foreign funds flowed out of the South Korean financial market in August and September, but it shifted into a net inflow as the Democratic People's Republic of Korea (DPRK) conducted no provocation since mid-September.
South Korea's currency appreciated to the dollar amid the defused tensions on the peninsula.
The won/dollar exchange rate settled at 1,120.4 won versus the greenback as of end-October, down 25 won from a month earlier.
Volatility for the South Korean currency to the dollar averaged 3.3 won per dollar in October, down from 4.2 won a month ago.
Premium on credit default swap for the five-year government bond denominated in the foreign currency averaged 71 basis points in October, little changed from 70 basis points the previous month.
