Forex Market Snapshot
The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants. "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% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS 1. About $280 billion - World Federation of Exchanges aggregate 2006 5. The Foreign Exchange Market in the United States - NY Federal Reserve Source: BIS Triennial Survey 2007 Concentration in the Banking Industry Source: BIS Triennial Survey 2007 N.B. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%. Source: BIS Triennial Survey 2007 Source: BIS Triennial Survey 2007 Related LinksForex Market Snapshot
Introduction
Excerpt from the BIS:
Structure
Source: BIS Triennial Survey 2007Trading Hours
Size
2. About $87 billion - World Federation of Exchanges 2006
3. Based on world population of 6.6 billion - US Census Bureau
4. About $48 trillion - World Bank 2006.
Source: BIS Triennial Survey 2007Major Markets
6. The Foreign Exchange Market in the United States - NY Federal ReserveAverage Daily Turnover by Geographic Location
Technical Analysis
Commonly used technical indicators:Currencies
Currency Codes
Average Daily Turnover by Currency
Currency Pairs
Average Daily Turnover by Currency Pair
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