FX down 20%, says BIS

- By FX Markets Staff
- @FXMarkets_
- 15 Oct 2001

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

BASEL -- Average global daily turnover in the forex market shrunk 20% in three years to $1.2 trillion in April 2001, the Bank for International Settlements (BIS) announced last week.

The slump -- down from a record high of $1.5 trillion daily in 1998 -- is the first time the BIS's triennial surveys have recorded a decline in forex activity.

The BIS blames three factors that have characterised the forex market since 1998 -- the introduction of the euro, which eliminated trading in 12 legacy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com