In April this year, 54 central banks and monetary authorities participated in the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. They collected data on turnover in traditional foreign exchange markets – those for spot transactions, outright forwards and foreign exchange swaps – and in over-the- counter (OTC) currency and interest rate derivatives. This was the seventh global survey since April 1989 of foreign exchange market activity and the fifth survey since April 1995 additionally covering OTC derivatives market activity. Today participating central banks and monetary authorities are publishing their national survey results and the BIS is releasing preliminary global statistics from the survey. the two global headline trends from the April 2007 survey are the following:
More detailed results and statistical tables on developments in the foreign exchange and OTC derivatives markets as well as comprehensive explanatory notes describing the coverage of and terms used to present the statistics are included in the separate statistical release of the data.
The BIS plans to publish, in November 2007, the preliminary global results of the second part of the triennial survey at end-June 2007, covering open contracts outstanding in OTC derivatives markets and including, for the first time, credit default swaps (CDSs). A more detailed analysis of the results for the traditional foreign exchange markets will be published in the December 2007 BIS Quarterly Review. The final global results of both parts of the 2007 triennial survey are expected to be released in December 2007.
National results of central banks and monetary authorities that participated in the survey and that publish their results at the same time as the BIS are available at:
