FX Turnover Hits $1.49 Trillion, Says Preliminary BIS Analysis
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BASLE--Average daily turnover in the foreign exchange market has reached $1.49 trillion, according to a preliminary report released last week by the Bank for International Settlements (BIS). The number represents growth of 25 per cent in current US dollar terms since 1995, when global FX turnover was estimated at $1.19 trillion, or 8 per cent annualized growth.
The Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity covered 43 central banks for the month of April
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