SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in November 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 RMB22.90trillion (equivalent to USD3.20trillion) in November 2023.
In terms of markets, the transactions volume of client market was RMB3.25trillion (equivalent to USD0.45trillion), and the transactions volume of interbank market was RMB19.64trillion (equivalent to USD2.75trillion). In terms of products, the cumulative transactions volume of the spot market was RMB6.51trillion (equivalent to USD0.91trillion), and that of the derivatives market was RMB16.38trillion (equivalent to USD2.29trillion).
From January to November 2023, a total of RMB232.04trillion (equivalent to USD32.96trillion) was traded in the Chinese foreign exchange market.
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