Turnover on FX market dips in April
Print Edition
CHINA’S foreign exchange market turnover fell to 9.79 trillion yuan (US$1.5 trillion) in April, from 10.71 trillion yuan in March, the State Administration of Foreign Exchange said yesterday.
The total included 1.66 trillion yuan in forex transactions between banks and their clients and 8.13 trillion yuan worth of interbank deals, it said.
China last year opened its interbank forex market to overseas central banks and similar institutions to promote a market-oriented, more transparent interbank forex market.
So far, 14 overseas central banks and similar institutions have been allowed to trade on its interbank forex market.
China’s foreign exchange market turnover in 2015 was 110.9 trillion yuan, according to SAFE figures.
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