According to the statistics of the State Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of 16.03 trillion yuan ($2.30 trillion) in December 2022.
In terms of markets, the transactions volume of client market was 3.06 trillion yuan ($0.44 trillion), and the transactions volume of interbank market was 12.97 trillion yuan ($1.86 trillion). In terms of products, the cumulative transactions volume of the spot market was 5.93 trillion yuan ($0.85 trillion), and that of the derivatives market was 10.10 trillion yuan ($1.45 trillion).
From January to December 2022, a total of 231.44 trillion yuan ($34.50 trillion) was traded in the Chinese foreign exchange market.