WOW! Forex Trading Sets New Records
September 16, 2007
Semi-annual Forex trading volume data was published, and the Forex market has continued to grow. Trade volume is up across the board, and trillions are changing hands every day. Truly incredible what forex trading online can net you in the long run. USD/JPY is the most traded currency by online forex traders. Here are the details the growth of FX trading and where the most volume is being dealt (on the interbank level):
Currency Trading Volume or Turnover per Day
UK: $1.33 trillion in April, up 21% from last year
http://www.bankofengland.co.uk/markets/forex/fxjsc/fxturnresults070731.pdf
US: $618 billion in April, up 6.6% from last year
http://www.newyorkfed.org/fxc/2007/fxc073107.pdf
Japan: $240.3 billion in April, up 19.2% from last year
http://www.fxcomtky.com/reports/pdf_file/announce56_e.pdf
Singapore: $233 billion in April, up 40% since October
www.sfemc.org/statistics/Semiannual_surveyApr07data.doc
Canada: $55.5 billion in April, up 5.5% from last year
http://www.cfec.ca/files/cfec_webtablesapril07.pdf
