The Bank of International Settlements has released its 3 yearly survey on FX turnover.
I've posted a few highlights and a link to the BIS report for traders interested in a quick snapshot of how the markets they trade fit together
Here are some of the highlights from the survey conducted in April this year
- Average daily forex turnover was $5.3tn dollars up 33% on 3 years ago
- The $US was involved in one side of 87% of all transactions. This is up from 85% 3 years ago. No sign of the greenback losing its status as the world's reserve currency at this stage
- The Euro lost ground. It remains the 2nd most traded currency but was involved in only 33% of transactions down from 39% 3 years ago.
- The Aussie Dollar punches well above its weight ranking 5th in the turnover league and involved in 8.6% of all transactions. AUD: USD is the 4th most traded pair accounting for 6.8% of all transactions.
FX turnover by Currency and Currency Pairs