Business

China's forex market turnover up in July

Xinhua

Updated: 2022-08-29 15:19

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A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. [Photo/Sipa]

BEIJING -- China's foreign exchange market saw a turnover of 21.39 trillion yuan (about $3.18 trillion) in July, up from 20.31 trillion yuan in June, official data showed Friday.

Specifically, the turnover of forex transactions between banks and their clients totaled 3.29 trillion yuan, while that of interbank forex transactions stood at 18.1 trillion yuan, according to the State Administration of Foreign Exchange.

In the first seven months of the year, the country's forex market turnover totaled 132.46 trillion yuan, the data showed.

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