Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: FarCenter

As a comparison, the daily foreign exchange turnover of the US $ is over $5 trillion a day.


4 posted on 10/27/2022 4:11:43 PM PDT by C19fan
[ Post Reply | Private Reply | To 1 | View Replies ]


To: C19fan
From the article: The dollar has the highest turnover in the BIS data for April, with an average daily amount of $6.64 trillion. Its share rose only slightly from the 88.3% of three years earlier. The yen's share dropped 0.1 point to 16.7%.

Note that dollar foreign exchange flows are mostly related to financial flows, rather than real-world trade in goods and services which is much, much smaller. It totaled ony $28.5 trillion for the entire year 2021.

Global trade hits record high of $28.5 trillion in 2021, but likely to be subdued in 2022

https://unctad.org/news/global-trade-hits-record-high-285-trillion-2021-likely-be-subdued-2022

6 posted on 10/27/2022 4:29:37 PM PDT by FarCenter
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson