Friday 13 September 2013

Global foreign-exchange turnover | The Economist

Global foreign-exchange turnover | The Economist:

"
Trading in foreign-exchange markets averaged $5.3 trillion a day in April 2013, reports the BIS in its latest “Triennial Central Bank Survey”. This was up from $4 trillion in 2010 and $3.3 trillion in 2007. The US dollar was the dominant currency: 87% of deals contained the dollar on one side. The euro, the second-most-traded currency, was involved in 33% of deals, down from 39% in April 2010. The third-most-traded currency, featuring in 23% of all trades, was the Japanese yen; its market share has risen by four percentage points since the previous survey. Several emerging-market currencies rose sharply in global importance. The Mexican peso and Chinese renminbi made it into the top ten for the first time."

'via Blog this'

No comments:

Post a Comment