Sunday, September 30, 2007

The Forex Market

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!




This next table shows the currency distribution of forex transactions. The dollar makes up 86.3% in 2007.




Very interesting reading...

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