Template-Type: ReDIF-Article 1.0
Author-Name: Mathias Drehmann
Author-Name: Vladyslav Sushko
Title: The global foreign exchange market in a higher-volatility environment
Abstract: Turnover in global foreign exchange (FX) averaged more than $7.5 trillion per day in April 2022 amid a volatile market environment. Compared with the previous BIS Triennial survey in 2019, trading volumes were higher because of greater activity in short-maturity FX derivatives and more inter-dealer trading. By contrast, trading with customers stagnated, mirroring a slowdown in international investment in 2022. A greater share of trading was executed via various bilateral methods, rather than via multilateral platforms that make prices available to all participants, implying that the transparency of the FX market may have decreased further.
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2212f.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2212f.htm
File-Format: text/html
Year: 2022
Month: December
Classification-JEL: C42, C82, F31, G12, G15
Handle: RePEc:bis:bisqtr:2212f