BIS Foreign Exchange Survey Analysis Shows Daily $1.23 Trillion Turnover
REGULATIONS
Average daily turnover in the foreign exchange market in April this year was about $1.23 trillion, according to a preliminary analysis released by the Bank for International Settlements of FX survey results submitted by 26 contributing central banks.
This number represents growth of 50 per cent in U.S. dollar terms since 1992, or about 14 per cent per year. In constant dollars, however, the growth rate is closer to 30 per cent, says the BIS report.
The overall figure does not include turnover in
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