- Singapore Reinforces Position as the Largest FX Centre in the Asia.
- News - Reserve Bank of New Zealand
- Yuan is most actively traded emerging market currency BIS Arab.
Singapore Reinforces Position as the Largest FX Centre in the Asia.
However, the document pointed out that US Dollar appreciation between 2013 and this year was the main reason for the downtick.
News - Reserve Bank of New Zealand
In this segment, Mike Ingram, Strategist at BGC partners dissects the BIS report to find out the reason for a drop in the FX turnover.
The latest triennial survey of the FX industry by the Bank for International Settlements (BIS) has revealed a decline in volumes for the first time in 15 years.
Yuan is most actively traded emerging market currency BIS Arab.
This year's Euromoney FX Survey of 3,500 clients found that global trading volumes had fallen almost a quarter (23%) year-on-year, but EM trading volumes had bucked the trend, with 5% year-on-year growth.
Bis forex turnover:
Rating: 88 / 100
Overall: 89 Rates