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- Title
Global survey results.
- Abstract
The article reports on the results of global survey related to financial instruments. Average daily turnover in global foreign exchange markets was $1,880 billion in April 2004, up by 57 percent at current exchange rates. The United Kingdom remains the single largest centre of foreign exchange activity with 31.3 percent of the global share, broadly unchanged since 2001. The euro remained the most traded currency in over the counter (OTC) interest rate derivatives with 45% of global market turnover, followed by the dollar with 34%. Sterling was the third most actively traded currency, accounting for 8.8% of interest rate derivatives turnover.
- Subjects
UNITED Kingdom; MONETARY policy; DERIVATIVE securities; FOREIGN exchange rate risk; FOREIGN exchange; INTERNATIONAL finance; INVESTMENT interest
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 4, p471
- ISSN
0005-5166
- Publication type
Article