Foreign Exchange Committee report: volumes almost back to normal!

Similar figures were posted by various sources like Bloomberg. Check Francesc's post.

New York, July 26, 2010 – The Foreign Exchange Committee today released the results of its twelfth Survey of North American Foreign Exchange Volume. For the April 2010 reporting period, key findings are featured below.

• Average daily volume in total over-the-counter foreign exchange instruments (including spot transactions, outright forwards, foreign exchange Swaps , and options) totaled $754 billion in April 2010, up 11.8 percent from the $675 billion reported in October 2009 and just below the record $762 billion reached in October 2008.

• Following the sharp decline in turnover evidenced in the April 2009 survey, average daily volume has resumed its historic upward trend, with rising volume across all instrument types and Execution methods as well as most counterparty types and currency pairs.

• Average daily volume in spot foreign exchange transactions rose relative to the prior survey, but remained below the record reached in October 2008. Average daily volumes in both outright forwards and foreign exchange swaps, however, registered new highs of $104 billion and $203 billion, respectively, in April 2010.

• Since the survey’s inception in 2004, the average trade size declined steadily from $4.3 million to roughly $1.8 million in October 2008. It has remained near this level in all subsequent surveys.

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aprilfxsurvey2010