Menzie Chinn at
Econbrowser points us to the BIS
Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. Among other things, this report shows the amount of
forex transactions as well as the currency distribution of
forex transactions. The table below shows on average $3.2 trillion of
forex traded per day!
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This next table shows the currency distribution of
forex transactions. The dollar makes up 86.3% in 2007.
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Very interesting reading...
Yes your right very interesting reading indeed.
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