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Home Forex News

China’s forex market transacts $3.08 trillion in January

by Trading How
February 26, 2022
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China’s international change market information transactions of $3.08 trillion in January 2022. /CFP

China’s international change market information transactions of $3.08 trillion in January 2022. /CFP

China’s international change (foreign exchange) market recorded transactions of 19.45 trillion yuan ($3.08 trillion) in January, official knowledge confirmed on Friday.

Particularly, the transaction quantity of the shopper market totaled 3.32 trillion yuan final month, whereas that of the interbank market was 16.13 trillion yuan, stated the State Administration of Overseas Trade.

By way of merchandise, the cumulative transaction quantity of the spot market was 6.52 trillion yuan, and that of the derivatives market was 12.93 trillion yuan in January.

As well as, China’s worldwide commerce in companies rose 37 % 12 months on 12 months to 501.4 billion yuan in January, in line with the foreign exchange authority. 

Commerce in transportation, business, journey and telecommunication companies reached 194.8 billion yuan, 89.2 billion yuan, 83.6 billion yuan, and 54.7 billion yuan final month, respectively.

Learn extra:

Regulator expects China’s forex market to be stable, balanced in 2022

China’s service trade up 16.1 percent in 2021



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