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 RMB 16.03 trillion (equivalent to USD 2.30 trillion) in December 2022.

In terms of markets, the transactions volume of client market was RMB 3.06 trillion (equivalent to USD 0.44 trillion), and the transactions volume of interbank market was RMB 12.97 trillion (equivalent to USD 1.86 trillion). In terms of products, the cumulative transactions volume of the spot market was RMB 5.93 trillion (equivalent to USD 0.85 trillion), and that of the derivatives market was RMB 10.10 trillion (equivalent to USD 1.45 trillion).

From January to December 2022, a total of RMB 231.44 trillion (equivalent to USD 34.50 trillion) was traded in the Chinese foreign exchange market.