China's foreign exchange transactions reached a total value of 27.97 trillion yuan (about 3.92 trillion U.S. dollars) in July, according to the official data released by the State Administration of Foreign Exchange on Friday.
The transaction volume between banks and customers amounted to 3.68 trillion yuan (about 520 billion U.S. dollars), while inter-bank transactions totaled 24.29 trillion yuan (about 3.41 trillion U.S. dollars).
The cumulative volume of the spot market and the derivatives market was valued at 9.35 trillion yuan (about 1.31 trillion U.S. dollars) and 18.62 trillion yuan (about 2.61 U.S. dollars), respectively.
From January to July this year, the total transaction volume of China's foreign exchange market reached 163.4 trillion yuan (about 22.98 trillion U.S. dollars).
China's foreign exchange transactions total 3.92 trillion USD in July
China's foreign exchange transactions total 3.92 trillion USD in July
China's foreign exchange transactions total 3.92 trillion USD in July
