FX as an asset class is continuing to maintain its place as a leading capital markets product. The most recent BIS (2010) survey showed positive signs amid the credit crisis and today central banks of Japan and Australia have announced significant growth in FX volumes.
Daily trading volumes in both the Australian and Tokyo foreign Exchange markets have grown in U.S. dollar terms, according to data released Monday.
But while some of the growth was likely due to dealers looking to take advantage of increased Volatility, the figures were also inflated by the surge in both the Australian dollar and the Japanese yen against the greenback in the periods being considered. The currencies' appreciation inflates the figures, which were as of April and expressed in the U.S. dollar.
Traders say volumes could have dipped since then, as investors get increasingly nervous over Europe's festering debt crisis and uncertainty over whether bickering U.S. politicians will agree to raise the debt ceiling in time to head off a default.
In Sydney, total average daily trading volume in all over-the-counter foreign exchange instruments in the Australian market was US$219.1 billion in April 2011, up 12% from October and 14% higher from a year earlier. In those periods, the Australian dollar had risen against the greenback around 10% and 17%, respectively. During April, the Australian dollar traded at a post-float record of US$1.1013.
By currency pair, the Australian dollar against the U.S. dollar grew its market share to 49% from 46% in October, according to the semi-annual report on foreign exchange trading volume, which draws on data supplied by 26 financial institutions and the central bank's monthly trading volume survey.
The average daily trading volume of foreign exchange trading in the Tokyo market in April increased 8.0% from a year earlier to US$284.6 billion, based on data from 20 institutions, the Tokyo Foreign Exchange Market Committee said.
Spot currency trading volume rose 10.0%, while foreign currency swap trading volume climbed 7.6%, said the committee of Tokyo market participants, which includes the Bank of Japan.
Forward trading volume gained 7.9% from a year earlier, while currency options trading decreased 12.0%. Daily average volume of interbank foreign exchange trading in April was 13.0% larger than the same month a year earlier.
The volume of trading with customers fell 6.2%, however, partly as Japanese exporters grew less active in the foreign exchange forward and currency options markets than a year earlier due to the impact of the March 11 earthquake and tsunami, the data showed.
Australiaโs economy has been strong to weather the financial crisis, it was one of the first major economies to increase interest rates, unemployment has been modest and overall economic growth is steady. With the AUD reaching as low as $0.60 against the greenback the economy has done well to get back on its feet. With commodity prices still in track the AUD will continue to show strength.
Japan on the other hand is still trying to find its way since the Asian crisis in 1997, interests rates have been at record lows, the yen has been immensely volatile affecting the key export markets including automobiles and electronics.
FX as an asset class is continuing to maintain its place as a leading capital markets product. The most recent BIS (2010) survey showed positive signs amid the credit crisis and today central banks of Japan and Australia have announced significant growth in FX volumes.
Daily trading volumes in both the Australian and Tokyo foreign Exchange markets have grown in U.S. dollar terms, according to data released Monday.
But while some of the growth was likely due to dealers looking to take advantage of increased Volatility, the figures were also inflated by the surge in both the Australian dollar and the Japanese yen against the greenback in the periods being considered. The currencies' appreciation inflates the figures, which were as of April and expressed in the U.S. dollar.
Traders say volumes could have dipped since then, as investors get increasingly nervous over Europe's festering debt crisis and uncertainty over whether bickering U.S. politicians will agree to raise the debt ceiling in time to head off a default.
In Sydney, total average daily trading volume in all over-the-counter foreign exchange instruments in the Australian market was US$219.1 billion in April 2011, up 12% from October and 14% higher from a year earlier. In those periods, the Australian dollar had risen against the greenback around 10% and 17%, respectively. During April, the Australian dollar traded at a post-float record of US$1.1013.
By currency pair, the Australian dollar against the U.S. dollar grew its market share to 49% from 46% in October, according to the semi-annual report on foreign exchange trading volume, which draws on data supplied by 26 financial institutions and the central bank's monthly trading volume survey.
The average daily trading volume of foreign exchange trading in the Tokyo market in April increased 8.0% from a year earlier to US$284.6 billion, based on data from 20 institutions, the Tokyo Foreign Exchange Market Committee said.
Spot currency trading volume rose 10.0%, while foreign currency swap trading volume climbed 7.6%, said the committee of Tokyo market participants, which includes the Bank of Japan.
Forward trading volume gained 7.9% from a year earlier, while currency options trading decreased 12.0%. Daily average volume of interbank foreign exchange trading in April was 13.0% larger than the same month a year earlier.
The volume of trading with customers fell 6.2%, however, partly as Japanese exporters grew less active in the foreign exchange forward and currency options markets than a year earlier due to the impact of the March 11 earthquake and tsunami, the data showed.
Australiaโs economy has been strong to weather the financial crisis, it was one of the first major economies to increase interest rates, unemployment has been modest and overall economic growth is steady. With the AUD reaching as low as $0.60 against the greenback the economy has done well to get back on its feet. With commodity prices still in track the AUD will continue to show strength.
Japan on the other hand is still trying to find its way since the Asian crisis in 1997, interests rates have been at record lows, the yen has been immensely volatile affecting the key export markets including automobiles and electronics.
Retail FX Deposits Drops 3.6% as IG US Posts Sharp November Decline
Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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How Modern Consumer Habits Are Transforming Global Payments
How Modern Consumer Habits Are Transforming Global Payments
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen | Your Bourse | FMLS:24
Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
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Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024
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Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan | TradingView | FMLS:24
Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
#fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking
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Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024
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