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CLS FX trading activity | December 2020
1.76 USD trillion
Total daily traded volume submitted to CLS
Down 1.3% compared to November 2020
Masami Johnstone
Head of Information Services
“In December, total daily traded volumes were USD1.76 trillion, down 1.3% compared to November 2020. There was a slight increase in FX swap volumes of 2.3%, while FX spot and FX forward volumes experienced sharp declines of 9.3% and 9.2%, respectively.
“Compared to December 2019, FX spot, FX swap and FX forward volumes all increased significantly by 10.3%, 10.7% and 6.0%, respectively. The increase in FX spot volume was largely attributable to the higher volumes recorded for EUR/USD (+30%) and GBP/USD (+10%) over the same period. There was also a record year-on-year FX spot volume increase for USD/HUF of 92%. This coincided with positive news on Hungarian industrial output and a subsequent appreciation against USD.”
| Average daily traded volume submitted to CLS by product (USD trillion)* |
December 2019 | November 2020 | December 2020 |
|---|---|---|---|
| Forward | 0.084 | 0.098 | 0.089 |
| Swap | 1.145 | 1.239 | 1.267 |
| Spot | 0.370 | 0.450 | 0.408 |
| Total average daily traded volume submitted to CLS (USD trillion) | 1.599 | 1.787 | 1.764 |
* Due to rounding, numbers presented throughout the document may not add up precisely to the totals provided and percentages may not precisely reflect the exact figures.