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Foreign exchange yahoo finance8/16/2023 Trading at sales desks in five jurisdictions – the United Kingdom, the United States, Hong Kong SAR, Singapore and Japan – amounted to 78% of all FX trading ("net-gross" basis).The renminbi's share rose to 7%, making it the fifth most traded currency in 2022 (up from eighth place in 2019 with a 4% share). The share for the euro decreased marginally to 31% (from 32% in 2019), and those for the Japanese yen and the pound sterling remained unchanged at 17% and 13%, respectively. The US dollar was on one side of 88% of all trades (unchanged from 2019).Trading with "other financial institutions" saw modest growth and accounted for 48% of global turnover (down from 55% in 2019). Overall, inter-dealer trading, ie trading among "reporting dealers", reached $3.5 trillion or 46% of global turnover in April 2022, a higher share than in previous Surveys.The share of spot trades fell to 28% from 30% in 2019, and that of outright forwards remained unchanged at 15%. Turnover of FX swaps accounted for 51% of global turnover, up from 49% in 2019.Trading in OTC FX markets reached $7.5 trillion per day in April 2022 ("net-net" basis, 3 all FX instruments), up 14% from $6.6 trillion three years earlier.Highlights from the 2022 Triennial Survey of turnover in OTC FX markets: A separate survey on outstanding amounts as of June 2022 will be published in November 2022. The final turnover data, as well as several special features that analyse them, will be released with the BIS Quarterly Review in December 2022. Turnover data are reported by the sales desks of reporting dealers, regardless of where a trade is executed, and on an unconsolidated basis, ie including trades between related entities that are part of the same group. They collected data from more than 1,200 banks and other dealers and reported national aggregates to the BIS for inclusion in global aggregates. This statistical release concerns the FX turnover part of the 2022 Triennial Survey that took place in April and involved central banks and other authorities in 52 jurisdictions (see page 15) 1. It has been supported through the Data Gaps Initiative endorsed by the G20. The Triennial Survey is coordinated by the BIS under the auspices of the Markets Committee (for the FX part) and the Committee on the Global Financial System (for the interest rate derivatives part). The Survey aims to increase the transparency of OTC markets, helping central banks and market participants monitor global financial markets, and to inform discussions on reforms to OTC markets.Īctivity in FX markets has been surveyed every three years since 1986, and in OTC interest rate derivatives markets since 1995. The BIS Triennial Central Bank Survey is the most comprehensive source of information on the size and structure of global over-the-counter (OTC) markets in foreign exchange (FX) and interest rate derivatives. Annex tables: OTC foreign exchange turnover in April 2022 (tables revised on 5 December 2022).
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