The 2016 Triennial Central Bank Survey of foreign exchange (FX) and over-the-counter (OTC) derivatives markets activity shows a decline in FX spot trading for the first time since 2001, even as activity in FX derivatives continued to increase. <\/p>\n
The US dollar held its place as the dominant currency – it was on one side of 88% of all trades in April 2016. The euro remained the second most actively traded currency, but its share fell to 31% in April 2016, well below its peak of 39% in April 2010. Many emerging market currencies saw an increase in their share of global trading. The renminbi’s share doubled to 4% as it became the world’s eighth most actively traded currency. Renminbi turnover averaged $202 billion per day in April 2016. <\/p>\n For the first time since 1995, trading between reporting dealers increased as a share of global activity. From 39% in April 2013, the share of inter-dealer activity rose to 42% in April 2016.<\/p><\/blockquote>\n Banks other than reporting dealers accounted for a further 22%. Insurance companies, pension funds and other institutional investors were the third largest group of counterparties in FX markets, at 16%. <\/p>\n The 2016 Triennial Survey shows a continuation of the trend towards greater concentration of FX trading in the largest financial centres. In April 2016, sales desks in five markets – the United Kingdom, the United States, Singapore, Hong Kong SAR and Japan – intermediated 77% of foreign exchange trading, up from 75% in April 2013 and 71% in April 2010.<\/p>\n","protected":false},"excerpt":{"rendered":" The 2016 Triennial Central Bank Survey of foreign exchange (FX) and over-the-counter (OTC) derivatives markets activity shows a decline in FX spot trading for the first time since 2001, even as activity in FX derivatives continued to increase. <\/p>\n","protected":false},"author":20,"featured_media":55524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1763,1671,1675,1651,1710,2103],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55526"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=55526"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/55524"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=55526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=55526"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=55526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nTrading in FX markets averaged $5.1 trillion per day in April 2016. This is down from $5.4 trillion in April 2013, a month which had seen heightened activity in Japanese yen against the background of monetary policy developments at that time.<\/quote>
\n Spot trading fell to $1.7 trillion per day in April 2016 from $2.0 trillion in April 2013. In contrast, activity in FX swaps rose to $2.4 trillion per day in the latest survey, and in outright forwards to $700 billion per day. <\/p>\n