Wednesday, January 16, 2008
Australia's foreign exchange revenue in all currencies averaged US$170 billion per day in April 2007, the Reserve Bank of Australia thought on Thursday. This show a raise of 66% from April 2004, when the previous BIS Triennial review was conducted. Australia's market share of global revenue was 4.3% in 2007; make it the seventh leading in the world. The statement said the AUD/USD pair is the majority traded currency pair in the Australian market, accounting for 45% of total foreign exchange revenue.
The survey showed that dealings in the spot market grew 24% amid 2004 and 2007, and accounted for 26% of total revenue. Movements in the outright forwards market accelerate 163%, but were still a moderately small proportion of total revenue at 9%.
Refer: http://www.rttnews.com/FOREX/Currency_mkt.asp?date=01/16/2008&item=80
The survey showed that dealings in the spot market grew 24% amid 2004 and 2007, and accounted for 26% of total revenue. Movements in the outright forwards market accelerate 163%, but were still a moderately small proportion of total revenue at 9%.
Refer: http://www.rttnews.com/FOREX/Currency_mkt.asp?date=01/16/2008&item=80
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@ 9:30 PM
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