According to the statistics of the State Administrationof Foreign Exchange (SAFE), the Chinese foreign exchange market (excludingforeign currency pairs, the same below) recorded total transactions of RMB 19.80 trillion (equivalent to USD 2.76 trillion) in November 2022.

In terms of markets, the transactions volume of clientmarket was RMB 2.94 trillion(equivalent to USD 0.41 trillion), and the transactions volume of interbankmarket was RMB 16.86 trillion(equivalent to USD 2.35 trillion). Interms of products, the cumulative transactions volume of the spot market wasRMB 7.90 trillion (equivalent to USD 1.10 trillion), and that of the derivatives market was RMB 11.90 trillion (equivalent to USD 1.66 trillion).

From January to November 2022, a total of RMB 215.41 trillion (equivalent to USD 32.20 trillion) was traded in the Chinese foreign exchangemarket.