HC Deb 26 July 1999 vol 336 c125W
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. [92565]

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.