The share of trades with the euro on one side expanded somewhat, to 32%. The US dollar retained its dominant currency status, being on one side of 88% of all trades.1 Growth of FX derivatives trading, especially in FX swaps, outpaced that of spot trading. Trading in FX markets reached $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier.Highlights from the 2019 Triennial Survey of turnover in OTC FX markets: The final data, as well as several special features that analyse the data, will be released with the BIS Quarterly Review in December 2019. Turnover data are reported by the sales desks of reporting dealers, regardless of where a trade is booked, and are reported on an unconsolidated basis, ie including trades between related entities that are part of the same group.ĭata are subject to revision. They collected data from close to 1,300 banks and other dealers in their jurisdictions and reported national aggregates to the BIS, which then calculated global aggregates. This statistical release concerns the FX turnover part of the 2019 Triennial Survey, which took place in April and involved central banks and other authorities in 53 jurisdictions (see page 15).
It is 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). It also helps to inform discussions on reforms to OTC markets.įX market activity has been surveyed every three years since 1986, and OTC interest rate derivatives market activity since 1995. The Triennial Survey aims to increase the transparency of OTC markets and to help central banks, other authorities and market participants monitor developments in global financial markets. The BIS Triennial Central Bank Survey is the most comprehensive source of information on the size and structure of global foreign exchange (FX) and over-the-counter (OTC) derivatives markets. Annex tables: Global foreign exchange market turnover in 2019.
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