The Bank of England’s semi-annual survey of the foreign exchange market showed an average daily turnover of $2.402 trillion in April, that’s up 7% from October but down 6% year-over-year.
A table offers a sense of what currencies are traded the most often.
FX trading currency popularity
The full report from the BOE is here (pdf)
Volatility rising
The good news for traders is that volatility may (finally) be on the upswing. Bloomberg looks at better trading in the past two weeks after JPMorgan Chase & Co.’s Global FX Volatility Index hit a record low earlier in the month:
The gauge reached 5.60 percent today, up from an all-time low on a closing basis of 5.29 percent on July 3. The index had tumbled from a high for the year of 8.98 on Feb. 3 and a peak of 27 percent during the worst of the global financial crisis in October 2008.
