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ACI - The Financial Markets Association. FOREX Innovation China 2011 The Global Impact of (FX) Foreign Exchange by Manfred Wiebogen ACI Presiden. Shanghai 20 July 2011. Intro – 10 Banks do count for some 77% volume ________________________________________________. - PowerPoint PPT PresentationTRANSCRIPT
Shanghai
20 July 2011
ACI - The Financial Markets Association
FOREX Innovation
China 2011
The Global Impact of (FX) Foreign Exchange
by Manfred Wiebogen
ACI Presiden
FOREX Innovation – Shanghai 2011
1. Deutsche Bank GER 15.64%
2. Barclays Capital UK 10.75%
3. UBS AG CH 10.59%
4. Citi US 8.88%
5. JP Morgan US 6.43%
6. HSBC UK 6.26%
7. Royal Bank of Scotland UK 6.20%
8. Credit Suisse CH 4.80%
9. Goldman Sachs US 4.13%
10. Morgan Stanley US 3.64%
Intro – 10 Banks do count for some 77% volume________________________________________________________________________________________________
According to the Euromoney FX survey 5/2011
FOREX Innovation – Shanghai 2011
1. World Currency Reserves (in US$)________________________________________________________________________________________________
In ‚90s 2001 2003 2005 2007 2011
Some 1.5 trn 2.0 trn 3.0 trn 4.2 trn 6.4 trn 9.7 trn
FOREX Innovation – Shanghai 2011
1. World Currency Reserves (in US$)________________________________________________________________________________________________
FX res. 2000 3/2011
Ad. Ec. $ 1.2 trn $ 3.2 trn
Em. Ec. $ 0.7 trn $ 6.5 trn
FOREX Innovation – Shanghai 2011
1. World Currency Reserves (in US$)________________________________________________________________________________________________
FOREX Innovation – Shanghai 2011
2. World Gold Reserves (in US$)________________________________________________________________________________________________
EuroArea = 35,3% / USA = 26,6% / Germany = 11,1 % / Italy/France each 8% /
Switzerland/China each 3,4%
FOREX Innovation – Shanghai 2011
2. World Gold Reserves (in tonnes)________________________________________________________________________________________________
FX Gold in $
Gold in tn
Reserves 9.700 1.572 30.562
EstimatedReserves
2.418 47.000
9.700 3.990
FOREX Innovation – Shanghai 2011
3. The FX markets and its underlying________________________________________________________________________________________________
Daily traded volume/average by BIS
Daily traded volume/average by BIS report
2007 2010 The market doubled
3.3 trn $ 4.0 trn $ Since 2004 !
FOREX Innovation – Shanghai 2011
3. The FX markets and its underlying________________________________________________________________________________________________
Daily traded volume/average by BIS
1998 2001 2004 2007 2010 In US-$ trn
$ 0,6 $ 0,4 $ 0,6 $ 1,0 $ 1,5 FX-Spot
$ 0,7 $ 0,7 $ 1,0 $ 1,7 $ 1,8 FX-Swaps
$ 0,2 $0,1 $ 0,3 $ 0,6 $ 0,7 Others
$ 1,5 $ 1,2 $ 1,9 $3,3 $ 4,0 Total Vol.
by Manfred WiebogenACI President
c/o VOLKSBANK AG ViennaHead of International Treasury Markets
Phone: +43 (0) 50 4004 3668Fax: +43 (0) 50 4004 83668
E-mail: [email protected]