China’s FX market transactions hit 16.03 trillion yuan in Dec 2022 – Xinhua English.news.cn

BEIJING, Jan. 19 (Xinhua) — China’s foreign exchange market recorded transactions worth 16.03 trillion yuan (about 2.3 trillion U.S. dollars) in December 2022, official data showed Thursday.

The volume of foreign exchange transactions between banks and their customers totaled 3.06 trillion yuan in December, and that in the interbank market reached 12.97 trillion yuan, said the National Administration of Foreign Exchange.

In terms of products, the cumulative foreign exchange volume in the spot market was 5.93 trillion yuan, and that in the derivatives market reached 10.1 trillion yuan in December.

The trading volume in the country’s foreign exchange market amounted to 231.44 trillion yuan in 2022.

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