Global Foreign Exchange Market Turnover By Currency Pair (US$ billion)
Global Foreign Exchange Market Turnover By Currency Pair
Data is from the Bank for International Settlements Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, September, 2010.
The US dollar/Euro continue to be the most traded currency pair worldwide, according to data from the Bank for International Settlements Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity.
It accounted for 28% of daily average market activity in April 2010, according to BIS data, with average daily trading of $1.1 trillion. >
This is a significant increase over data collected in 2007—the last time the triennial global survey was conducted—when average turnover for USD/EUR stood at $892 billion.
The most traded currency pair not including the US dollar is the Euro/Japanese Yen, which had average daily turnover of $111 billion and accounted for 3% of the market.
While trading volumes declined in many developed economy currency pairs, trading increased significantly in currency pairs involving the US dollar and BRIC country currencies—particularly the Chinese yuan (CNY) and the Brazilian real (BRL), which is indicative of the growing significance of these economies on the world economic stage.
Average daily turnover for the USD/CNY currency pair grew from $9 billion in 2007 to $31 billion in 2010, and turnover for the USD/BRL grew from $5 billion in 2007 to $26 billion in 2010.
- Bank For International Settlements, Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in April 2010 - Preliminary global results - Turnover
- Definitions: International Swaps and Derivatives Association (ISDA)
- Definitions: Wikipedia
- New York Federal Reserve, Foreign Exchange and Interest Rate Derivatives Markets: Turnover in the United States, April 2010