According to recent figures, an estimated $5.3 trillion is traded on the foreign exchange every single day. This is a striking statistic, but one that becomes even more impactful when you delve beyond the headline number. Currency trading volumes are continuing to increase incrementally across the globe, for example, particularly in Asian-Pacific regions such as Japan and Australia.
The former experienced an increase in volume of 28% between last October an April this year, reaching a staggering $61.8 billion in the process. Australia such an increase of 19%, as the foreign exchange continued to undermine its global popularity and renowned liquidity.