Francesc’s Weblog » BIS Triennial survey 2007: FX volume increases by an unprecedented 71% to $3.2 trillion

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BIS Triennial survey 2007: FX volume increases by an unprecedented 71% to $3.2 trillion

Posted on September 27, 2007 at 10:49 in Uncategorized by Francesc

The Bank for International Settlemens has just released the preliminary results of its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in April 2007.

The BIS plans to publish a more detailed analysis of the results for the traditional foreign exchange markets in the December 2007 BIS Quarterly Review. In addition, the BIS will release the preliminary global results from the second part of the triennial survey covering open contracts outstanding in OTC derivatives markets at end-June 2007 in November 2007, and a final report with global results on foreign exchange market turnover and on OTC derivatives market turnover and amounts outstanding in December 2007.

The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71%. This increase was much stronger than the one observed between 2001 and 2004.

To read it all, please go to:

http://www.bis.org/publ/rpfx07.htm

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