Are you looking to add Foreign Exchange to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Foreign Exchange statistics of 2024.
My team and I scanned the entire web and collected all the most useful Foreign Exchange stats on this page. You don’t need to check any other resource on the web for any Foreign Exchange statistics. All are here only 🙂
How much of an impact will Foreign Exchange have on your day-to-day? or the day-to-day of your business? Should you invest in Foreign Exchange? We will answer all your Foreign Exchange related questions here.
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On this page, you’ll learn about the following:
Best Foreign Exchange Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 35 Foreign Exchange Statistics on this page 🙂Foreign Exchange Market Statistics
- As in previous surveys, currencies of emerging market economies again gained market share, reaching 25% of overall global turnover. [0]
- By contrast, FX swaps continued to gain in market share, accounting for 49% of total FX market turnover in April 2019. [0]
- Turnover in the euro, the world’s second most traded currency, increased at a somewhat higher rate than did the aggregate market, and its share in global trading edged up to 32%. [0]
- The market shares for other heavily traded advanced economy currencies in April 2019 were unchanged from their 2016 values, with the GBP at 13%, the AUD at 7%, the CAD at 5% and the CHF at 5% of global FX turnover. [0]
- Graph 1 Foreign exchange market turnover by currency and currency pairs1Net net basis, daily averages in April, in per cent Source. [0]
- Trading in the interdealer market did not keep pace with overall market growth, and thus inter dealer trades dipped below 40% of total FX market turnover in April 2019. [0]
- The relative importance of trading with non financial customers also fell slightly, to 7% of total FX market turnover. [0]
Foreign Exchange Latest Statistics
- The US dollar retained its dominant currency status, being on one side of88%of all trades. [0]
- The share of trades with the euro on one side expanded somewhat, to 32%. [0]
- By contrast, the share of trades involving the Japanese yen fell some 5 percentage points, although the yen remained the third most actively traded currency (on one side of 17% of all trades). [0]
- It remained the eighth most traded currency, with a share of 4.3%, ranking just after the Swiss franc. [0]
- While the volume of spot trades increased relative to April 2016, the expansion was less strong compared with other instruments hence the share of spot trades continued to fall, to 30% in 2019, compared with 33% in 2016. [0]
- reaching$3.6 trillionin April 2019, or 55% of global turnover. [0]
- In April 2019, sales desks in five countries the United Kingdom, the United States, Hong Kong SAR, Singapore and Japan facilitated 79% of all foreign exchange trading. [0]
- It was on one side of 88% of all trades in April 2019. [0]
- The global share of EME currencies rose by about 4 percentage points to 25% of total FX turnover in April 2019, continuing the trend observed in previous surveys. [0]
- In contrast, JPY turnover stagnated, and the yen’s share in global turnover dropped by 5 percentage points, to 17%. [0]
- The US dollar was on the other side of 95% of all renminbi transactions. [0]
- At $2.0 trillion per day, the volume of spot trades in April 2019 was some 20% greater than in April 2016, but still below the level recorded in the April 2013 Triennial Survey. [0]
- Spot turnover accounted for 30% of global turnover in April 2019, down from 33% in 2016 and 38% in 2013. [0]
- The US dollar was on one side of 91% of all FX swap transactions , while the euro was on one side of more than a third of FX swap transactions. [0]
- Trading in outright forwards rose by a notable 43% to $999 billion per day. [0]
- Trading in medium term tenors for outright forwards is more common than for FX swaps, and 61% of the turnover in outright forwards was in maturities of over seven days and up to three months. [0]
- The US dollar was on one side of 88% of outright forwards transactions. [0]
- Trading in OTC FX options grew at a slower pace than did overall FX turnover, with a rise of 16%, to $294 billion per day in April 2019 (representing 4% of total FX turnover; Graph 2). [0]
- Trading with hedge funds and PTFs also increased, to $593 billion (9% of total turnover). [0]
- By contrast, trading with institutional investors declined in both absolute and relative terms, with their share in global FX turnover falling to 12% in April 2019 (from 16% in the previous survey). [0]
- Trading in currency swaps with non reporting banks increased by 20%. [0]
- In April 2019, sales desks in five locations the United Kingdom, the United States, Singapore, Hong Kong SAR, and Japan intermediated 79% of all foreign exchange trading. [0]
- The share of trading taking place in the United States declined to 17% in 2019, from 20% in 2016. [0]
- In contrast, the share of FX trading in the United Kingdom rose by 6 percentage points to 43% of global FX activity in April 2019. [0]
- The share of FX trading in the leading Asian financial centres, namely Hong Kong SAR, Singapore, and Tokyo, declined slightly to 20% in April 2019. [0]
- In particular, mainland China recorded a significant rise in trading activity, to $136 billion in 2019, or an 87% increase since 2016. [0]
- The share of crossborder trading in total FX turnover dropped significantly, to just 56% in 2019, down from 65% in 2016 the lowest level observed since 2001. [0]
- Among reporting dealers, the bulk (68%). [0]
I know you want to use Foreign Exchange Software, thus we made this list of best Foreign Exchange Software. We also wrote about how to learn Foreign Exchange Software and how to install Foreign Exchange Software. Recently we wrote how to uninstall Foreign Exchange Software for newbie users. Don’t forgot to check latest Foreign Exchange statistics of 2024.
Reference
- bis – https://www.bis.org/statistics/rpfx19_fx.htm.
How Useful is Foreign Exchange
One of the key benefits of foreign exchange is its role in providing stability to the global economy. By allowing businesses, investors, and governments to buy and sell currencies, forex markets help to mitigate the risks of fluctuations in exchange rates. This stability is crucial for maintaining the smooth functioning of international trade and ensuring that businesses can operate efficiently across borders.
Furthermore, foreign exchange provides a platform for businesses to manage their exposure to foreign exchange risk. For multinational corporations operating in multiple countries, currency fluctuations can have a significant impact on their profitability. By hedging their currency exposure through forex markets, these companies can reduce their risks and protect their bottom line.
Foreign exchange also serves as a means for investors to diversify their portfolios and seek new opportunities in global markets. With the advent of online trading platforms, individuals can access forex markets from anywhere in the world and trade currencies in real time. This democratization of forex trading has opened up new avenues for retail investors to participate in the global financial markets.
Another important aspect of foreign exchange is its role in promoting economic growth and development. By providing a mechanism for countries to buy and sell foreign currencies, forex markets help to facilitate international trade and investment. This, in turn, promotes economic growth, creates jobs, and fosters international cooperation.
Moreover, foreign exchange plays a crucial role in promoting financial stability and fostering collaboration among central banks and monetary authorities. In times of crisis, central banks can intervene in forex markets to stabilize their currencies and maintain financial stability. These interventions help to prevent currency crises and safeguard the global financial system.
Despite its many benefits, foreign exchange also poses certain risks and challenges. The volatile nature of forex markets can lead to sharp fluctuations in exchange rates, creating both opportunities and risks for market participants. Traders and investors need to carefully manage their exposure to foreign exchange risk to avoid potential losses.
In conclusion, foreign exchange is a valuable tool for facilitating international trade, investment, and financial transactions. Its role in providing stability, managing currency risk, and promoting economic growth cannot be overstated. While there are risks associated with forex trading, the benefits far outweigh the challenges. As the global economy continues to expand and become more interconnected, foreign exchange will remain an essential component of the financial markets.
In Conclusion
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