China's Foreign Exchange Market Transactions in December 2024
In December 2024, the State Administration of Foreign Exchange (SAFE)reported that the total transaction volume in China's foreign exchange market reached RMB 26.69 trillion(approximately USD 3.71 trillion).
Breaking this down:
·The client market accounted for RMB 4.07 trillion(USD 0.57 trillion).
·The interbank market saw significantly higher activity, totaling RMB 22.62 trillion(USD 3.15 trillion).
In terms of product categories:
·The spot market transactions amounted to RMB 8.86 trillion(USD 1.23 trillion).
·The derivatives market recorded a total of RMB 17.83 trillion(USD 2.48 trillion).
For the entire year of 2024, the total volume of transactions in the Chinese foreign exchange market was RMB 293.01 trillion(USD 41.14 trillion). This represents a significant volume of activity, reflecting both the scale and importance of China's forex market.
Selected Transactions in the Chinese Foreign Exchange Market in 2024 (in RMB)
Selected Transactions in the Chinese Foreign Exchange Market in 2024 (in USD)
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