SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in March 2023
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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 Administrationof Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB 25.22 trillion (equivalent to USD 3.66 trillion) in March 2023.
In terms of markets, the transactions volume of clientmarket was RMB 3.18 trillion (equivalent to USD0.46trillion), and the transactions volume of interbank market was RMB 22.04 trillion(equivalent to USD3.19trillion). Interms of products, the cumulative transactions volume of the spot market was RMB 9.05 trillion (equivalent to USD 1.31 trillion), and that of the derivatives market was RMB16.17trillion (equivalent to USD 2.34 trillion).
From January to March 2023, a total of RMB 60.15 trillion (equivalent to USD 8.78 trillion) was traded in the Chinese foreign exchange market.
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