The recent publication of the Bank for International Settlements’ (BIS) Triennial Central Bank Survey on Foreign Exchange (Forex) has had a massive impact on the financial industry.
The survey shows just how much the fast-evolving global forex market has changed over the last three years, and gives some indication as to its future direction. Without a doubt, the most eye-catching statistic to emerge from the survey was the dramatic increase in the average daily trading volume of the global forex market.
The previous, oft-quoted figure of $4 trillion per day became a staple of forex-related content, and was often used to demonstrate the sheer scale of the forex market in comparison to all the global stock exchanges combined. However, the newly-released figure of $5.3 trillion dwarfs even this, demonstrating not just the gargantuan size of the market as a whole but also the incredibly rapid pace at which it is developing.
The triennial BIS survey is the most widely anticipated report in the forex industry, due to its wide scope, credibility – and the fact that it only comes along every three years. It charts the forex market as a whole, in terms of its magnitude, its structure, and trends that are emerging within it.
As you might expect from an official industry report, it’s quite a dense read, requiring time and effort on the part of the reader to extract the most relevant and interesting information. This is why leading online Forex brokers and software developers MahiFX have produced an illuminating infographic, distilling the key findings of the survey into an at-a-glance snapshot of the current state of the industry.
Included in the infographic are graphical charts depicting information such as the most influential trading capitals (with London once again coming out on top), the top ten traded currencies, and the changing landscape in terms of the instruments that are used to trade currencies and the trading volumes.
The infographic is published ahead of the hotly anticipated December 2013 issue of the BIS Quarterly Review, which will contain detailed analyses of the results of this survey. The full text of the original report is available at the BIS website.