SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in July 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 Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB23.57trillion (equivalent to USD3.29trillion) in July 2023.
In terms of markets, the transactions volume of client market was RMB2.95trillion (equivalent to USD0.41trillion), and the transactions volume of interbank market was RMB20.62trillion (equivalent to USD2.88trillion). In terms of products, the cumulative transactions volume of the spot market was RMB8.95trillion (equivalent to USD1.25trillion), and that of the derivatives market was RMB14.62trillion (equivalent to USD2.04trillion).
From January to July 2023, a total of RMB147.33trillion (equivalent to USD21.15trillion) was traded in the Chinese foreign exchange market.
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