The State Administration of Foreign Exchange has recently released October data of China's foreign exchange market. The data shows that in October 2024, China's foreign exchange market (excluding the foreign currency pairs, the same below) traded RMB 24.26 trillion, equivalent to USD 3.41 trillion.

(Picture by CFP)

Among them, RMB 3.57 trillion (equivalent to USD 0.50 trillion) was traded in the bank-to-customer market and RMB 20.69 trillion (equivalent to USD 2.91 trillion) was traded in the inter-bank market; RMB 8.57 trillion (equivalent to USD 1.21 trillion) was traded cumulatively in the spot market and RMB 15.69 trillion (equivalent to USD 2.21 trillion) was traded in the derivatives market.

From January to October 2024, the cumulative transaction volume of the China's foreign exchange market was RMB 239.43 trillion (equivalent to USD 33.68 trillion). China's foreign exchange market operated smoothly. (By Jia Zifan/China Youth Daily)

来源：中国青年报客户端