Foreign Exchange Trade

Click here for the background in April 2016 to this report, published by BIS, the Bank for International Settlements (of central banks).

Click here for the latest financial statements at the BIS. Valued in SDRs, where 1 SDR is currently equal to $US1.40.

Click here for more information on SDRs as defined by the International Monetary Fund, and click here for its current formula.

Click here for a list of currency abbreviations for their 161 official currencies.

Foreign Exchange trading increased from a daily average of $US 1 trillion in 2001 to $US 5 trillion by 2013. In 2016 most occurred via sales desks in five jurisdictions: the United Kingdom - London (37%), the United States - New York (19%), Singapore (7%), Japan - Tokyo (7%) and Hong Kong SAR Special Admin Region (7%).

In Australia's Reserve Bank, $50 billion is currently held in seven currencies:- USD 55%, EUR 20%, then JPY, GBP, CAD, CNY and KRW 5% each.

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Most traded currencies by value
Currency distribution of global foreign exchange market turnover
Rank ▲▼ Currency Abbrev. % daily share
1 United States dollar USD ($) 88%
2 Euro EUR () 31%
3 Japanese yen JPY () 22%
4 Pound sterling GBP () 13%
5 Australian dollar AUD ($) 7%
6 Canadian dollar CAD ($) 5%
7 Swiss franc CHF (Fr) 5%
8 Chinese yuan CNY () 4%
9 Swedish krona SEK (kr) 2%
10 New Zealand dollar NZD ($) 2%
11 Mexican peso MXN ($) 2%
12 Singapore dollar SGD ($) 2%
13 Hong Kong dollar HKD ($) 2%
14 Norwegian krone NOK 2%
15 Korean won KRW 2%
16 Turkish lira TRY (Turkish lira) 1%
17 Russian ruble RUB (₽) 1%
18 Indian rupee INR 1%
19 Brazilian real BRL 1%
20 South African rand ZAR 1%
21 Danish krone DKK 1%
22 Polish zloty PLN 1%
23 New Taiwan dollar TWD 1%
24 Thai baht THB 0.4%
25 Malaysian ringgit
 
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MYR 0.4%
26 Hungarian forint HUF 0.3%
27 Saudi riyal SAR 0.3%
28 Czech koruna CZK 0.3%
29 Israeli new shekel ILS 0.3%
30 Chilean peso CLP 0.2%
31 Indonesian rupiah IDR 0.2%
32 Colombian peso COP 0.2%
33 Philippine peso PHP 0.1%
34 Romanian leu RON 0.1%
35 Peruvian sol PEN 0.1%
36 Other OTH 2%
37 xxx Total xxx 200%

 

The following table comes from http://www.bloomberg.com /news/2014-05-08/deutsche-bank-currency-crown-lost-to-citigroup-on-volatility-1-.html

 
Top 10 currency traders % of overall volume, May 2014
Rank Name Market share
1

United StatesCiti

16.04%

2

GermanyDeutsche Bank

15.67%

3

United KingdomBarclays Investment Bank

10.91%

4

SwitzerlandUBS AG

10.88%

5

United KingdomHSBC

7.12%

6

United StatesJPMorgan

5.55%

7

United StatesBank of America Merrill Lynch

4.38%

8

United KingdomRoyal Bank of Scotland

3.25%

9

FranceBNP Paribas

3.10%

10

United StatesGoldman Sachs

2.53%

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