Number 2 Summer 1998 Interpreting

Chapter 1 International Financial Markets: Basic Concepts

Interpreting the 2007 triennial survey , BIS Quarterly Review, December 2007. Foreign exchange turnover Daily averages in April 0.0 0.8 1.6 2.4 3.2 1992 1995 1998 2001 2004 2007 14 18 22 26 30 Current US dollars, in trillions (rhs) Ratio to trade flows (lhs)¹ Ratio to trade and capital flows (lhs)¹

  1998, International, Interpreting