BIS paper studies spread of global currency trading


Examining how foreign exchange trading diffuses across the globe helps shed light on the renminbi’s development, a Bank for International Settlements working paper says.

Yin-Wong Cheung, Robert McCauley and Chang Shu focus on how trading spreads geographically, by drawing on data from the BIS’s triennial survey of foreign exchange and derivatives.

The authors find that between 2013 and 2016, the renminbi’s turnover diffused from Asia to the rest of the world, tracing an “arc” from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: