In November 2020 the average daily traded volume submitted to CLS was USD1.787 trillion up 4.7 percent from USD1.707 trillion in October 2020

 

Average daily traded volume submitted to CLS by product (USD trillion)*

November 2019

October 2020

November 2020  

Forward

0.069

0.116

0.098

Swap

1.172

1.202

1.239

Spot

0.366

0.389

0.450

Total average daily traded volume submitted to CLS (USD trillion)

1.607

1.707

1.787

* 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.

 

CLS’s Head of Information Services, Masami Johnstone, commented:

Daily traded volumes in November were USD1.79 trillion, up 4.7% compared to October 2020. Both FX spot and FX swap volumes increased compared to the previous month by 15.7% and 3.1%, respectively, while FX forward volumes decreased by 15.5%. Compared to November 2019, FX spot and swap volumes recorded an increase of 23% and 5.7%, respectively.

The increase in spot volumes followed the US Presidential election on 3 November and continued with the announcement of the Pfizer/BioNTech Covid-19 vaccine on 9 November. The increase in spot volumes was notable for EUR/USD, up 15%, and USD/JPY, up 31%, compared to the previous month.

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