Data Alert: Activity in Australia’s Foreign Exchange market continues to increase 8 September 2010 Australia has one of the fastest growing Foreign Exchange (FX) markets in the world, according to the 2010 Triennial Central Bank Survey from the Bank for International Settlements. Total turnover has grown by a compound annual rate of 12 per cent between 1998 and 2010. In terms of global turnover, the Australian FX market has remained the seventh largest in the world; the Australian dollar (A$) has overtaken the Swiss franc to be the fifth most traded currency; and the US$/A$ is the fourth most traded currency pair. This strong activity strengthens Australia’s position as a major financial services centre in the Asia-Pacific region and, in particular, its ability to attract global players to base their Asian time zone FX activities here. Download Austrade Data Alert: Activity in Australia’s Foreign Exchange market continues to increase (PDF) More information |