Table 2

Reported foreign exchange market turnover by instrument, counterparty

and maturity1
Daily averages in April, in billions of US dollars
Instrument/counterparty

1992

1995

19982

2001

.....................................................

394

494

568

387

With reporting dealers..............................

With other financial institutions................
With non-financial customers...................

282
47
62

325
94
75

348
121
99

218
111
58

Outright forwards..................................

58

97

128

131

With reporting dealers..............................

With other financial institutions................
With non-financial customers...................
Up to 7 days.............................................
Over 7 days and up to 1 year ....................
Over 1 year ..............................................

21
10
28

33
28
36
50
44
2

49
34
44
66
59
5

52
41
37
51
76
4

Foreign exchange swaps.........................

324

546

734

656

With reporting dealers..............................

With other financial institutions................
With non-financial customers...................
Up to 7 days.............................................
Over 7 days and up to 1 year ....................
Over 1 year ..............................................

238
39
47

370
108
68
382
155
7

512
124
98
529
192
10

419
177
60
450
197
8

Total .......................................................

776

1,137

1,430

1,173

With reporting dealers..............................

With other financial institutions................
With non-financial customers...................

541
96
137

728
230
179

909
279
241

689
329
156

Local .......................................................
Cross-border ............................................

316
391

526
613

658
772

499
674

Spot

Adjusted for local and cross-border double-counting.

Revised.

6/15