Open trading account 
Source: Profit-Loss
The turnover survey results released by the Foreign Exchange Committees around the world show little by way of unifying trends with regards to FX trading activity in April 2015.
In the UK and US FX trading volumes were down from the October 2014 highs but still above the figures recorded in April 2014. In Japan and Singapore the surveys showed that FX trading levels have remained relatively stable over the year period, data from Canada showed a significant increase in FX trading from October 2014 to April 2015 while FX turnover in Australia was down for both the six-month and year-long period.
The UK Foreign Exchange Joint Standing Committee (JSC) reported that average daily UK FX turnover was $2,481 billion in April 2015, 8% lower than the record survey highs set in October 2014, and 5% higher than a year earlier.
Turnover in most products fell over the six months to April 2015, but remained higher than a year earlier. FX swap turnover was the exception, falling 3% from October 2014 and down 14% on the year.
FX spot turnover fell 13% to $973 billion per day, but remains 24% higher than in April 2014.
Despite the broader decline in turnover, USD/CNY activity increased by 25% in April 2015 to $43 billion per day, a new record high, and is now the ninth largest FX pair. USD/JPY turnover fell 25%, returning back to October 2013 levels.
The New York Foreign Exchange Committee (FXC) reported that average daily turnover in the North American FX market was $881.2 billion in April 2015. That’s 20% down on the average turnover recorded in the October 2014 survey period, but 9% higher than a year earlier.
The FXC says the decrease in volume relative to the prior survey was broad-based, with declines across all instrument types. The decrease in spot turnover was most pronounced, declining 25% relative to October 2014.
The Committee also said that the decrease in volume was similarly broad-based across counterparty types, with all counterparty types registering declines.
Turnover reported with “other financial customers” continued to increase as a share of overall spot activity, accounting for 47% of average daily volume.
The decrease in volume occurred across most currency pairs, but was most
significant in the EUR/USD and USD/JPY currency pairs, which accounted for 31% and 28% of the total decrease, respectively.
The Singapore Foreign Exchange Market Committee (SFEMC) reports that average daily FX turnover in its market was $381 billion in April 2015, a 3% increase from a year previous.
Average daily spot, outright forwards and FX swaps volumes were $292 billion in April 2015, down from $320 billion in October 2014.
Turnover in OTC foreign exchange derivatives market averaged $89bn per day in April 2015, almost half of the $162 billion reported in October 2014.
However, SFEMC said that in October 2014, there was a one-off increase in turnover due to one surveyed financial institution’s transfer of risks between two centres. This resulted in a higher level of trading activities conducted by that financial institution in October 2014, and was most visible in the increase in currency swaps turnover to $119 billion from $38 billion in April 2014.
In Japan total FX average daily turnover was $362.7 billion in April 2015, down 2.8% from $373.2 billion in October 2014 but comparable to the $362.9 billion recorded in April 2014.
Average daily turnover in spot was $129.7 billion, down 15.6% from October 2014 but up from the $109 billion reported in April the previous year.
The Australian Foreign Exchange Committee reports that total average daily turnover in all OTC FX instruments in the Australian market was $135.9 billion in April 2015. This was a decline of 4% from October 2014, and a decline of 18% over the year.
Average daily turnover in traditional FX instruments was $131.3 billion in April 2015, a decline of 4% from October 2014, and a decline of 17% from the year before.
Average daily turnover in FX options and currency swaps in the Australian market was $4.6 billion in April 2015. This was a decline of 22% from October 2014, and a decline of 27% from a year previous.
In its survey the Canadian Foreign Exchange Committee (CFEC) revealed that
on an average daily basis, total FX turnover in Canada rose by 24.3% to $75.1 billion in April 2015, up from $60.4 billion in October 2014.
Spot transactions, outright forwards and foreign exchange swaps increased by 4%, 47% and 27% respectively from October 2014 to $17.1 billion, $16.1 billion and $41.9 billion on an average daily basis.
CFEC said that average daily derivatives turnover decreased by 25.4% to $4.7 billion in April 2015 from $6.3 billion in October 2014.
Currency swaps and options decreased by 44% and 12% respectively from October 2014 to $1.5 billion and $3.1 billion on an average daily basis in April 2015.
The turnover survey results released by the Foreign Exchange Committees around the world show little by way of unifying trends with regards to FX trading activity in April 2015.
In the UK and US FX trading volumes were down from the October 2014 highs but still above the figures recorded in April 2014. In Japan and Singapore the surveys showed that FX trading levels have remained relatively stable over the year period, data from Canada showed a significant increase in FX trading from October 2014 to April 2015 while FX turnover in Australia was down for both the six-month and year-long period.
The UK Foreign Exchange Joint Standing Committee (JSC) reported that average daily UK FX turnover was $2,481 billion in April 2015, 8% lower than the record survey highs set in October 2014, and 5% higher than a year earlier.
Turnover in most products fell over the six months to April 2015, but remained higher than a year earlier. FX swap turnover was the exception, falling 3% from October 2014 and down 14% on the year.
FX spot turnover fell 13% to $973 billion per day, but remains 24% higher than in April 2014.
Despite the broader decline in turnover, USD/CNY activity increased by 25% in April 2015 to $43 billion per day, a new record high, and is now the ninth largest FX pair. USD/JPY turnover fell 25%, returning back to October 2013 levels.
The New York Foreign Exchange Committee (FXC) reported that average daily turnover in the North American FX market was $881.2 billion in April 2015. That’s 20% down on the average turnover recorded in the October 2014 survey period, but 9% higher than a year earlier.
The FXC says the decrease in volume relative to the prior survey was broad-based, with declines across all instrument types. The decrease in spot turnover was most pronounced, declining 25% relative to October 2014.
The Committee also said that the decrease in volume was similarly broad-based across counterparty types, with all counterparty types registering declines.
Turnover reported with “other financial customers” continued to increase as a share of overall spot activity, accounting for 47% of average daily volume.
The decrease in volume occurred across most currency pairs, but was most
significant in the EUR/USD and USD/JPY currency pairs, which accounted for 31% and 28% of the total decrease, respectively.
The Singapore Foreign Exchange Market Committee (SFEMC) reports that average daily FX turnover in its market was $381 billion in April 2015, a 3% increase from a year previous.
Average daily spot, outright forwards and FX swaps volumes were $292 billion in April 2015, down from $320 billion in October 2014.
Turnover in OTC foreign exchange derivatives market averaged $89bn per day in April 2015, almost half of the $162 billion reported in October 2014.
However, SFEMC said that in October 2014, there was a one-off increase in turnover due to one surveyed financial institution’s transfer of risks between two centres. This resulted in a higher level of trading activities conducted by that financial institution in October 2014, and was most visible in the increase in currency swaps turnover to $119 billion from $38 billion in April 2014.
In Japan total FX average daily turnover was $362.7 billion in April 2015, down 2.8% from $373.2 billion in October 2014 but comparable to the $362.9 billion recorded in April 2014.
Average daily turnover in spot was $129.7 billion, down 15.6% from October 2014 but up from the $109 billion reported in April the previous year.
The Australian Foreign Exchange Committee reports that total average daily turnover in all OTC FX instruments in the Australian market was $135.9 billion in April 2015. This was a decline of 4% from October 2014, and a decline of 18% over the year.
Average daily turnover in traditional FX instruments was $131.3 billion in April 2015, a decline of 4% from October 2014, and a decline of 17% from the year before.
Average daily turnover in FX options and currency swaps in the Australian market was $4.6 billion in April 2015. This was a decline of 22% from October 2014, and a decline of 27% from a year previous.
In its survey the Canadian Foreign Exchange Committee (CFEC) revealed that
on an average daily basis, total FX turnover in Canada rose by 24.3% to $75.1 billion in April 2015, up from $60.4 billion in October 2014.
Spot transactions, outright forwards and foreign exchange swaps increased by 4%, 47% and 27% respectively from October 2014 to $17.1 billion, $16.1 billion and $41.9 billion on an average daily basis.
CFEC said that average daily derivatives turnover decreased by 25.4% to $4.7 billion in April 2015 from $6.3 billion in October 2014.
Currency swaps and options decreased by 44% and 12% respectively from October 2014 to $1.5 billion and $3.1 billion on an average daily basis in April 2015.
