Publications and Research
Periodicals
Bank of Canada Review
Winter 1998-1999
Index of Working Papers | Index of Technical Reports| Title | Survey of the Canadian foreign exchange and derivatives markets |
| Author(s) | Rob Ogrodnick and Judy DiMillo |
| Type | Bank of Canada Review article |
| Date of publication |
Winter 1998–1999 |
| Language | English and French |
| Abstract |
In April 1998, the Bank of Canada conducted its triennial survey of activity in the Canadian foreign exchange and derivatives markets. This was part of a coordinated international effort in which
43 countries carried out similar surveys.
The foreign exchange market in Canada is the 11th largest in the world, and the Canadian dollar is the 7th most-traded currency globally. The average daily turnover of traditional foreign exchange transactions has grown by 23 per cent (to US$37 billion) since the last survey in 1995. Although this growth was substantial, the rate of increase has declined steadily since the survey began in 1983. The average daily turnover for single-currency interest rate derivatives during April 1998 was US$6.4 billion, an increase of 48 per cent over the previous survey. |
| Bank topic index |
Financial markets |
| JEL classification |
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