In January 2020:
The average daily traded volume submitted to CLS was USD1.77 trillion, up 10.8 percent from USD1.60 trillion in December 2019.
CLS’s Head of Information Services, Masami Johnstone, commented:
“We saw average daily traded volumes in January 2020 of USD 1.77 trillion, representing a decline year-on-year of 1% compared to January 2019.
“Over the same period, swap volumes showed a modest increase of 1%, and spot decreased by 10%, while there was a sharp increase in forward volumes of 26%.
“Major macroeconomic factors affecting the FX market in January 2020 included the global threat of Coronavirus, Brexit, a US-China Trade Deal and strengthening of the USD, supported by superior growth and bond yield in the US.
“Average daily traded volumes in January 2020 were up 10.8% month-on-month compared to December 2019.”
|
Average daily traded volume submitted to CLS by product (USD trillion)* |
January 2019 |
December 2019 |
January 2020 |
|
Swap |
1.253 |
1.145 |
1.263 |
|
Spot |
0.445 |
0.370 |
0.401 |
|
Forward |
0.086 |
0.084 |
0.108 |
|
Total average daily traded volume submitted to CLS (USD trillion) |
1.784 |
1.599 |
1.772 |
* 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.