§ Mr. Mitchell
To ask the Chancellor of the Exchequer how much money was traded on a daily basis on average (a) on the UK foreign exchanges and (b) in the rest of the world in each year since 1979. 
§ Ms Hewitt
Average daily turnover during April in foreign exchange spot, forwards, and swaps is set out in the table:
$ billions 1989 1992 1995 1998 UK 184 291 464 637 Rest of World 534 785 1,108 1,345
These are estimates derived from triennial surveys coordinated by the Bank for International Settlements since 1989.