Singapore releases inaugural forex volumes survey
SURVEY
The survey, conducted in October last year, found that average daily turnover for traditional foreign exchange was US$147 billion. Meanwhile, the average daily turnover in over-the-counter foreign exchange derivatives was US$20 billion for that month.
The total volume of spot transactions was US$1.17 million in October, with the dollar/euro the most actively traded cross – totalling $291,884. Total volume for FX options was US$224,259, with dollar/yen options making up the largest volume at US$47
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