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.
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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 primary benefits of foreign exchange lies in its ability to facilitate international trade. Businesses rely on foreign exchange markets to convert different currencies in order to buy and sell goods and services on the international stage. This allows companies to tap into global markets, access a wider customer base, and diversify their revenue streams. Without foreign exchange, conducting international trade would be cumbersome and financially risky, as companies would be exposed to fluctuations in exchange rates that could impact their bottom line.
Similarly, foreign exchange plays a crucial role in driving foreign direct investment (FDI) around the world. Investors need to be able to convert their capital into local currencies in order to invest in overseas markets. This not only promotes economic growth and development in host countries but also allows investors to diversify their portfolios and access new opportunities in a dynamic global marketplace.
On a larger scale, foreign exchange markets are vital in maintaining stability in the global financial system. Central banks and governments use foreign exchange reserves to intervene in the market and stabilize their currencies in times of economic volatility. This helps to prevent sudden and severe currency fluctuations, which can have widespread consequences on the overall economy. By actively managing foreign exchange rates, policymakers can promote economic stability, boost investor confidence, and support sustainable growth over the long term.
Moreover, foreign exchange also plays a key role in promoting international cooperation and fostering diplomatic relations between nations. By engaging in currency exchange agreements, countries can establish strong economic ties, facilitate cross-border transactions, and promote collaboration on various fronts. This helps to create a more interconnected and interdependent global community, where countries can work together to address common challenges and achieve shared goals.
Despite its many advantages, foreign exchange does come with certain risks and challenges. Fluctuations in exchange rates can impact the competitiveness of businesses, lead to increased transaction costs, and expose investors to financial losses. Additionally, the presence of speculative activity in foreign exchange markets can create volatility and uncertainty, making it difficult for businesses and investors to plan for the future. However, with proper risk management strategies and a deep understanding of the market, these risks can be mitigated and controlled effectively.
In conclusion, foreign exchange is an indispensable tool for driving economic growth, promoting international trade and investment, and sustaining the stability of the global financial system. While it comes with its own set of challenges, the benefits of foreign exchange far outweigh the risks. As the world continues to become more interconnected and interdependent, the role of foreign exchange will only grow in importance, shaping the future of the global economy for years to come.
In Conclusion
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