CLS FX trading activity | November 2020

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2 min read
14 December 2020

1.79 USD trillion
Total daily traded volume submitted to CLS
Up 4.7 percent from USD1.707 trillion in October 2020

Masami Johnstone
Head of Information Services

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.

Average daily traded volume
submitted to CLS by product (USD trillion)*
November 2019 October 2020 November 2019
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.

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