* Turnover in the global FX market expanded 35% between 2010 and 2013, easily outpacing growth in global GDP and world trade
* Average daily turnover in the global FX market now amounts to US$5.3t per day
* The NZD is now the most highly traded currency in the world in per capita terms; average daily turnover now exceeds US$50b
* Local turnover in FX derivatives now exceeds that of FX forwards, but swaps remain the most popular FX instrument by far
The Bank of International Settlements (BIS) Triennial Central Bank Survey provides a snapshot of long-run trends in the global foreign exchange (FX) market, including traded volumes, market participants, and trading instruments. At the same time as the BIS survey is released, the RBNZ releases a similar bunch of statistics about the local FX market. Below, we take a look at both.
Read the full report: FX Research
BNZ