China’s Forex Market Reports Transactions Totaling 26.94 Trillion Yuan in August

A report from Xinhua on Sept. 29th, 2024:

China’s foreign exchange market recorded transactions totaling 26.94 trillion yuan (3.78 trillion U.S. dollars) in August, official data showed.

The transaction volume of the client market totaled 3.4 trillion yuan last month, and that of the interbank market came in at 23.54 trillion yuan, according to the State Administration of Foreign Exchange.

In terms of products, the cumulative transaction volume of the spot market was 9.88 trillion yuan, and that of the derivatives market was 17.06 trillion yuan.

The country’s foreign exchange market transaction volume totaled 190.33 trillion yuan in the first eight months of the year, the data showed.