Statistics on Foreign Exchange Transactions - New Insight into Foreign Exchange Markets
Journal article
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http://hdl.handle.net/11250/2504301Utgivelsesdato
2006Metadata
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Norges Bank has published new statistics on the purchase and sale of NOK for foreign currency. The statistics provide information about activity in the market for NOK, and will be an important aid in monitoring and identifying mechanisms in the NOK market. The statistics on foreign exchange transactions show that the average daily turnover in NOK of reporting banks in the period October 2005 - January 2006 was over NOK 63 billion. Foreign banks dominate trading in the spot and swap markets, while non-financial enterprises are the largest operators in forward markets. NOK/EUR trading makes up the bulk of spot transactions, while NOK/USD trading dominates swap transactions. The currency distribution in forward transactions is more even.