SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in March 2024
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 RMB24.64trillion (equivalent to USD3.47trillion) in March 2024.
In terms of markets, the transactions volume of client market was RMB3.53trillion (equivalent to USD0.50trillion), and the transactions volume of interbank market was RMB21.11trillion (equivalent to USD2.97trillion). In terms of products, the cumulative transactions volume of the spot market was RMB7.61trillion (equivalent to USD1.07trillion), and that of the derivatives market was RMB17.03trillion (equivalent to USD2.40trillion).
From January to March 2024, a total of RMB 66.17 trillion (equivalent to USD 9.32 trillion) was traded in the Chinese foreign exchange market.
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