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China’s foreign exchange market turnover at 19.39t yuan

Updated: Apr 27,2019 7:01 AM     Xinhua

BEIJING — China’s foreign exchange (forex) market reported turnover of 19.39 trillion yuan (about $2.88 trillion) in March, according to official data released on April 26.

Specifically, turnover of forex transactions between banks and their clients totaled 2.28 trillion yuan last month, while that of interbank forex transactions stood at 17.11 trillion yuan, according to the State Administration of Foreign Exchange (SAFE).

In the first quarter of this year, forex market turnover amounted to 51.8 trillion yuan, the SAFE said.

In 2015, China opened its interbank forex market to overseas central banks and similar institutions to push forward a market-oriented and more transparent interbank forex market.