2 thoughts on “Analysis of the development of my country's currency market”
Rita
1. The central banks at home and abroad have opened digital currency layout . From the perspective of digital currency layout, in recent years, many countries have opened research on digital currencies. Some countries have passed the R
Core data in this article: foreign exchange reserve currency, foreign exchange market transaction volume, proportion of overseas loans and bonds 1, the US dollar still dominates, the proportion of US dollar asset reserves fell to low point Although the international monetary system has undergone major structural changes in the past 60 years, the US dollar still occupies a dominant position. As of the first quarter of 2021, the currency of the US dollar in foreign exchange reserves around the world reached 699.12 billion US dollars, the proportion of 56%, followed by, and followed by It is the euro and yen, with the currency volume of US $ 2415.7 billion and US $ 692.1 billion, accounting for 19%and 6%, respectively. In long -term changes in the composition of foreign exchange reserve currency, from the birth of the RMB from the euro 1999 to the 2016 RMB to join the SDR, the proportion of US dollar assets in the central bank's reserves decreased from 71.2%to 65.4%; by the first quarter of 2021 , Further dropped to 59.4%, a decrease of about 6 percentage points. In the long run, the proportion of foreign exchange reserves of US dollar assets has gradually declined, and other currency foreign exchange reserves, including RMB, have increased. Note: The inner ring is data in the fourth quarter of 2016, and the outer ring is data in the first quarter of 2021. 2. The global foreign exchange market's transaction volume continues to rise, and the RMB has ranked among the top ten foreign exchange trading currency in the world It in terms of foreign exchange market transactions, according to data from International Clearance Bank (BIS) The amount of volume is fluctuating, and the growth rate of transactions has increased significantly since 2001, and in 2019, the transaction volume reached 8.3 trillion US dollars. In currency types, the US dollar accounts for 88%of the global foreign exchange market, and it is dominant, followed by euro and yen. It is worth noting that the RMB also ranks among the top ten foreign exchange trading currencies in the world. Note: International Clearance Bank (BIS) releases transaction data every three years. 3, the US dollar international investment financing currency function continues to increase, the higher the euro follows the internationalization of the currency, the larger the size of the loan and bonds of the local currency price abroad. Data show that from 2010-2019, the balance of loans and bonds on non-bank borrowers abroad in the US dollar and euro continued to increase, and the proportion of US dollar overseas loans and bonds and domestic loans and bonds continued to increase, reflecting the US dollar as an international investment and financing as an international investment and financing. The function of currency continues to enhance. It data refer to the "Research Report of Digital Currency Development" in the Foresight Industry Research Institute.
1. The central banks at home and abroad have opened digital currency layout
. From the perspective of digital currency layout, in recent years, many countries have opened research on digital currencies. Some countries have passed the R
Core data in this article: foreign exchange reserve currency, foreign exchange market transaction volume, proportion of overseas loans and bonds
1, the US dollar still dominates, the proportion of US dollar asset reserves fell to low point
Although the international monetary system has undergone major structural changes in the past 60 years, the US dollar still occupies a dominant position. As of the first quarter of 2021, the currency of the US dollar in foreign exchange reserves around the world reached 699.12 billion US dollars, the proportion of 56%, followed by, and followed by It is the euro and yen, with the currency volume of US $ 2415.7 billion and US $ 692.1 billion, accounting for 19%and 6%, respectively.
In long -term changes in the composition of foreign exchange reserve currency, from the birth of the RMB from the euro 1999 to the 2016 RMB to join the SDR, the proportion of US dollar assets in the central bank's reserves decreased from 71.2%to 65.4%; by the first quarter of 2021 , Further dropped to 59.4%, a decrease of about 6 percentage points. In the long run, the proportion of foreign exchange reserves of US dollar assets has gradually declined, and other currency foreign exchange reserves, including RMB, have increased.
Note: The inner ring is data in the fourth quarter of 2016, and the outer ring is data in the first quarter of 2021.
2. The global foreign exchange market's transaction volume continues to rise, and the RMB has ranked among the top ten foreign exchange trading currency in the world
It in terms of foreign exchange market transactions, according to data from International Clearance Bank (BIS) The amount of volume is fluctuating, and the growth rate of transactions has increased significantly since 2001, and in 2019, the transaction volume reached 8.3 trillion US dollars.
In currency types, the US dollar accounts for 88%of the global foreign exchange market, and it is dominant, followed by euro and yen. It is worth noting that the RMB also ranks among the top ten foreign exchange trading currencies in the world.
Note: International Clearance Bank (BIS) releases transaction data every three years.
3, the US dollar international investment financing currency function continues to increase, the higher the euro follows the internationalization of the currency, the larger the size of the loan and bonds of the local currency price abroad. Data show that from 2010-2019, the balance of loans and bonds on non-bank borrowers abroad in the US dollar and euro continued to increase, and the proportion of US dollar overseas loans and bonds and domestic loans and bonds continued to increase, reflecting the US dollar as an international investment and financing as an international investment and financing. The function of currency continues to enhance.
It data refer to the "Research Report of Digital Currency Development" in the Foresight Industry Research Institute.