China’s foreign exchange mkt turnover at 18.99tr yuan | 2019-05-26 | daily-sun.com

China’s foreign exchange mkt turnover at 18.99tr yuan

26 May, 2019 12:00 AM printer

BEIJING: China's foreign exchange (forex) market reported turnover of 18.99 trillion yuan (about 2.83 trillion U.S. dollars) in April, according to official data released on Friday.

Turnover of forex transactions between banks and their clients totaled 2.22 trillion yuan last month, while that of interbank forex transactions stood at 16.77 trillion yuan, according to the State Administration of Foreign Exchange (SAFE).

In the January-April period, forex market turnover amounted to 70.79 trillion yuan, the SAFE said, reports Xinhua.

In 2015, China opened its interbank forex market to overseas central banks and similar institutions to push forward a market-oriented and more transparent interbank forex market

 


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