Huge increase in turnover on the global foreign exchange market, according to the BIS survey of foreign exchange and derivatives market activity
Kuussaari, Harri (08.11.2010)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408074989
The average daily turnover in the global foreign exchange market in April 2010 was nearly USD 4.0 trillion. In Finland, the average daily FX turnover was ca USD 31 billion. Global daily turnover was 20% higher than in April 2007. In Finland, growth has been considerably more robust, with a nearly fourfold increase in average daily turnover on April 2007. Activity in the global OTC derivatives markets continue to increase, whereas in Finland turnover has declined since 2007.