FX market trends before, between and beyond Triennial Surveys

Morten Bech () and Jhuvesh Sobrun

BIS Quarterly Review, 2013

Abstract: This special feature looks at trading activity in the foreign exchange market between the Triennial Surveys conducted in 2010 and 2013 and in the months following. We estimate that the $5.3 trillion per day reported for April 2013 was a peak, with activity falling subsequently by $300 billion to $5 trillion per day in October. The decrease in activity was primarily driven by a drop in spot transactions involving mainly euros or yen against the US dollar. The decline in euro trading extends a trend that began in the third quarter of 2011, while the fall in yen trading reflects a partial reversal of a sharp rise that occurred in late 2012 and early 2013.

JEL-codes: C82 F31 G15 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:1312f

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