Global currency trading close to $ 10 trillion a day


The global currency trading volume jumped to a record of $ 9.6 trillion per day in April as the ‘Liberation Day’ Donald Trump, US trade rates, Blitz, triggered widespread market volatility, the most comprehensive FX market survey in the world showed on Tuesday.

The bank survey for international settlement, conducted every three years, also shows that the US dollar remains the most traded currency, and that London has consolidated its position as the world’s leading FX hub, even though the Sterling market share has fallen.

The main header of $ 9.6 trillion daily trading for April was an increase of 28% from the last survey conducted in April 2022-period of other fragmented because Russia had just launched a full scale invasion of Ukraine.

Dominance of the dollar survives in the middle of volatility

The bus, which attracts the data from more than 50 countries, said that the turnover of almost $ 10 trillion today reflects “Increasing Trading Activities in the Middle of FX Volatility which increased after the announcement of the US tariff in early April 2025”.

The uncertainty of investors around the US policy has led to speculation about the status of the dollar as the world anchor currency.

The survey, however, did not show a reduction in willingness to trade currencies, even though this was partly because investors responded to a decrease in value.

The bus said that the depreciation of the dollar led the asset manager with US exposure to limit the FX loss further on their portfolio by selling the advanced dollar contract, the turnover was higher than in 2022.

The FX Forward contract locks the exchange rate for the coming date, and is often used to protect the value of currency fluctuations.

Increase in Yuan, Sterling’s fall

This survey also showed an ongoing increase in China Yuan, which increased the FX trade share to 8.5% from 7% in 2022.

The Euro section, meanwhile, dropped nearly two points of percentage to below 29%, while Sterling declined to 10.2% from an average of 13% during the last three surveys.

The question has reappeared on the position of the pound as a reserve currency, especially in the midst of new concerns about increasing the level of British debt.

The survey collects data from more than 1,100 banks and dealers in 52 countries.

Found sales tables found in the United Kingdom, United States, Singapore and Hong Kong contributed 75% of the total trading activities, mostly in line with the last few years.

The bus also found that the over-the-counter trading in interest rates jumped to $ 7.9 trillion, up 59% since 2022.

Here there are signs of steps away from the dollar. Euro -rented contracts almost doubled to $ 3 trillion to reach 38% of the total global, the highest part, while the Yen derivative trade jumped 684% to contribute 5.2% of the global turnover.

Japanese bank, after years of having a stable level in negative areas, began to raise interest rates in 2024.
Source: Reuters (reporting by John Square and Marc Jones. Editing by Mark Potter)



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