[ad_1]
Trade reaches $ 6.6 billion a day
Forex market transactions reached $ 6.6 trillion a day, according to the latest survey of the Bank for International Settlements.
The BIS announced today that the volume of its April survey had increased by 29% over 2016. The detailed survey is conducted every three years.
Aside from this leap forward, it is worth noting the rise in swap trade, which now accounts for almost half of the market.
Other key details:
- 88% of all exchanges include USD
- London represents 43% of all activities
- US trade is 17%
- Emerging market currencies now account for 25% of turnover
- Transactions involving the euro reached 32%
- Trading involving the yen at 17%
- Yuan trading is 4%
- Spot foreign exchange transactions rose 20% to $ 2 trillion
The change in volumes of major currencies was moderate compared to 2016, with the exception of a slight decline in the yen, but this could be explained by the lower volatility recorded over the course of the year. month of the survey.
ForexLive
[ad_2]
Source link