Cryptocurrency Q&A
What is the total FX market size?
What is the total FX market size?
Elena
Sun Jan 05 2025
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answers
1019
I'm interested in knowing the overall size of the foreign exchange market, commonly referred to as the FX market. I want to understand the magnitude of this global marketplace where currencies are traded.
5 answers
Caterina
Tue Jan 07 2025
The JEL classification for this discussion includes C42, C82, F31, G12, and G11.
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Enrico
Tue Jan 07 2025
In April 2022, the turnover in global foreign exchange (FX) markets was significant.
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Tommaso
Tue Jan 07 2025
Specifically, the daily turnover reached $7.5 trillion, as illustrated in Graph 1, panel A.
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Caterina
Tue Jan 07 2025
This figure represents a vast amount of economic activity, highlighting the importance of FX markets in the global economy.
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Rosalia
Mon Jan 06 2025
To further emphasize this point, the daily turnover in FX markets is approximately 30 times greater than the daily global GDP.
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