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China’s forex market turnover reaches 17.31 trillion yuan in October

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province, on Aug 28, 2019. [Photo/Sipa]

BEIJING: China’s foreign exchange market recorded a total transaction of 17.31 trillion yuan, equivalent to $2.7 trillion, in October, official data showed on Saturday.

Specifically, the transaction volume of the client market totalled 2.54 trillion yuan last month, while that of the interbank market was 14.76 trillion yuan, according to the State Administration of Foreign Exchange.

In terms of products, the cumulative transaction volume of the spot market was 7.11 trillion yuan, and that of the derivatives market was 10.2 trillion yuan in October.

In the first 10 months of the year, the country’s forex market turnover totalled 191.49 trillion yuan, the data showed.

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