SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in February 2023
Selected Transactions in the Chinese Foreign Exchange Market in 2023 (in RMB)
Selected Transactions in the Chinese Foreign Exchange Market in 2023 (in USD)
According to the statistics of the State Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB20.64trillion (equivalent to USD3.02trillion) in February 2023.
In terms of markets, the transactions volume of client market was RMB2.90trillion (equivalent to USD0.42trillion), and the transactions volume of interbank market was RMB17.74trillion (equivalent to USD2.60trillion). In terms of products, the cumulative transactions volume of the spot market was RMB7.44trillion (equivalent to USD1.09trillion), and that of the derivatives market was RMB13.19trillion (equivalent to USD1.93trillion).
From January to February 2023, a total of RMB34.93trillion (equivalent to USD5.12trillion) was traded in the Chinese foreign exchange market.
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