Although spot FX markets have been characterised as existing in a very low volatility and volume environment, the same cannot be said for the interest rate space, and that has enabled FX volumes to remain steady over the past year according to data from six regional FX committees. The FX committees of the UK, US, […]
The latest round of FX turnover data from six of the world’s FX Committees shows volume at its highest level since they started recording results in 2005. The new high mark was powered by new peaks in activity in the UK, Singapore, Japan and Canada.
The total turnover across Australia, Canada, Japan, Singapore, UK and US was $4.883 trillion per day in April 2018. If the six centres maintained their current share of global turnover, the numbers suggest a BIS survey number just shy of $6 trillion per day.