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China’s Foreign Exchange Market Transacts $3.09 Trillion in May

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China's foreign exchange (forex) market recorded transactions worth 21.58 trillion yuan, equivalent to 3.09 trillion US dollars, in May.

Specifically, the transaction volume of the client market totaled 3.27 trillion yuan last month, while that of the interbank market stood at 18.31 trillion yuan, said the China's Administration of Foreign Exchange.

Regarding products, the cumulative transaction volume of the spot market was 8.91 trillion yuan, and that of the derivatives market was 12.66 trillion yuan in May, according to China's (Xinhua) News Agency.

The country's forex market transaction volume totaled 101.87 trillion yuan in the first five months, the data showed.

Source: Qatar News Agency

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http://arabnewsnetwork.ps

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