The ruble has overtaken real and the rupee, but falls short of the yuan

The ruble was on the 12th place in popularity on the international currency markets. Its share in afternoon trading — 1.6%, estimated by the Bank for International Settlements. Currencies of Brazil and India are lagging behind, the yuan — a little ahead.

Basel. September 6. FINMARKET.RU — Every three years, the Bank for International Settlements (BIS) analyzes the activity on the foreign exchange market. The latest survey took place in April 2013, was attended by representatives of central banks, commercial banks and government officials from 43 countries. Data on foreign currency transactions 1,300 banks and other market participants.

  

  • The total trade volume in the global foreign exchange market reached $ 5.3 trillion per day. This is a significant increase from the $ 4 trillion in April 2010 and $ 3.3 trillion in April 2007.
  • The most actively traded instruments are currency swaps — trading volume amounted to about $ 2.2 trillion per day.
  • The most active players in the foreign exchange market — it's smaller banks, accounting for around 24% of turnover. On institutional investors, such as pension funds and insurance companies, accounting for 11% of turnover. Another 11% comes from hedge funds and various investment firms.
  • The world's dominant currency is the dollar, accounting for 87% of the total trading volume. This is 2 pp, more than three years ago.
  • Second place went to the euro, whose share in world trade currencies decreased from 39% in 2010 to 33% this year. Turnover in the euro grew by only 15% — which is lower than the growth rate of the global foreign exchange market as a whole. The credibility of the euro knocked the euro crisis.
  • Seriously increased the role of the Japanese yen in the international bidding: the turnover of trade in yen increased by 63% since 2010. The share of yen in global currency trading has increased by 4 percentage points 23%. In the BIS is associated with changes in the monetary policy of the Bank of Japan.
  • In the past three years has increased substantially the value of currencies of developing countries, especially the Chinese yuan and the Mexican peso.
  • The trade turnover Mexican peso rose to $ 135 billion per day in 2013 — for pesos, representing 2.5% of the market. Peso among the ten most actively traded currencies in the world.
  • Chinese yuan finished ninth. Turnover of RMB is $ 120 billion — that's 2.2% of the market.

U.S. dominates the global foreign exchange market

 

Dollar-euro — the most traded pair

The ruble is getting closer to the top ten

  • The Russian Ruble is also close to the top ten: in 2013 he was ranked 12th in the world for trade. In 2010, the ruble in 16th place, and in 2007 — 18.
  • On the ruble in 2013 had 1.6% market share compared to 0.9% in 2010. The nearest neighbors of the ruble in rating — Hong Kong dollar and the Swedish krona.
  • Of the currencies of developing countries ahead of the ruble and the yuan only the Mexican peso.
  • The ruble is almost always traded against the dollar: a couple of ruble-dollar accounts for 1.5% of global turnover.
  • Of the currencies of the BRIC countries ruble showed better dynamics after the yuan: the share of the Brazilian real in the world currency turnover is only 1.1%, while the Indian rupee — 1%. However, the ruble seriously lags behind China in terms of internationalization.

 

The ruble has overtaken real and the rupee, but falls short of the yuan

See the original material onhttp://www.interfax.ru/business/txt.asp?id=327397

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