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Article featured in Business Beijing, September 2004
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Forex Trading Exceeds US$100 Billion

2004/08/26

Statistics from China Foreign Exchange Trade System (CFETS) show that China achieved a foreign exchange turnover of nearly US$14 billion in August, putting the total volume above US$100 billion for 2004.
In addition, China's foreign exchange market completed deals in August worth HK$1.87 billion (US$239.7 million), 12.34 billion Japanese Yen (US$112.95 million) and 18 million Euro (US$21.94 million) according to a Xinhua News Agency report on September 9.
From January to August this year, aggregate foreign exchange trade totalled US$107.24 billion.
CFETS says the daily average exchange volume in August amounted to US$638 million, 1.2 percent higher than that of July and up 18 percent year-on-year.



 
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