OTC foreign exchange turnover by instrument, currency and counterparty Net-net basis,' daily averages in April 2019, in billions of US dollars Outright Foreign Spot Currency Total Instrument/currency/counterparty exchange transactions forwards swaps swaps Table 5 FX options 6,590 1,987 999 3,202 108 294 243 90 63 32 24 14 9 13 8 10 3 10 5,819 2,129 1,108 844 445 332 327 284 233 136 134 131 119 119 114 113 72 72 71 71 60 42 41 27 338 Total By currency USD EUR JPY GBP AUD CAD CHF CNY HKD NZD SEK KRW SGD NOK MXN INR RUB ZAR TRY BRL TWD DKK PLN HUF OTH By counterparty with reporting dealers local cross-border with other financial institutions 1,687 616 360 240 170 122 86 97 57 53 41 30 37 42 48 30 34 27 24 14 13 7 12 9 121 883 256 145 109 53 43 36 36 26 16 17 72 12 15 13 63 10 7 5 43 35 5 5 3 93 2.905 1, 142 515 444 186 146 194 137 139 54 71 19 65 56 44 15 26 30 35 1 10 30 22 12 106 102 26 24 19 12 7 2 2 3 4 3 1 2 1 1 0 1 1 2 2 0 4 5 8 6 2 7 4 11 2 0 1 2 16 NOO 2,522 818 1,704 3,595 593 202 391 1,236 268 85 183 615 1,498 467 1,032 1,537 56 21 35 46 107 44 63 160 8 By counterparty with reporting dealers 2,522 593 268 1,498 56 107 local 818 202 85 467 21 44 cross-border 1,704 391 183 1,032 35 63 with other financial institutions 3,595 1,236 615 1,537 46 160 local 1,838 709 309 710 13 97 cross-border 1,757 527 306 827 34 63 non-reporting banks 1,612 448 126 966 22 50 institutional investors 777 308 215 212 33 hedge funds and PTFs? 593 261 154 123 11 44 official sector 89 18 21 48 1 1 other 524 200 99 187 5 33 with non-financial customers 474 159 116 166 6 27 local 244 96 52 77 3 16 cross-border 230 63 64 88 3 11 Of which: prime brokered 1,488 918 252 218 0 100 Of which: retail-driven 201 66 13 97 0 25 'Adjusted for local and cross-border inter-dealer double-counting (ie "net-net" basis). ? Proprietary trading firms. See explanatory notes for definitions of counterparties. b. Go to page 13 of the document. i. What was the amount (note this is BILLIONS) and % of turnover in USD/GBP in 2004's survey? ii. What was the amount (note this is BILLIONS) and % of turnover in USD/GBP in the 2019 survey? OTC foreign exchange turnover by instrument, currency and counterparty Net-net basis,' daily averages in April 2019, in billions of US dollars Outright Foreign Spot Currency Total Instrument/currency/counterparty exchange transactions forwards swaps swaps Table 5 FX options 6,590 1,987 999 3,202 108 294 243 90 63 32 24 14 9 13 8 10 3 10 5,819 2,129 1,108 844 445 332 327 284 233 136 134 131 119 119 114 113 72 72 71 71 60 42 41 27 338 Total By currency USD EUR JPY GBP AUD CAD CHF CNY HKD NZD SEK KRW SGD NOK MXN INR RUB ZAR TRY BRL TWD DKK PLN HUF OTH By counterparty with reporting dealers local cross-border with other financial institutions 1,687 616 360 240 170 122 86 97 57 53 41 30 37 42 48 30 34 27 24 14 13 7 12 9 121 883 256 145 109 53 43 36 36 26 16 17 72 12 15 13 63 10 7 5 43 35 5 5 3 93 2.905 1, 142 515 444 186 146 194 137 139 54 71 19 65 56 44 15 26 30 35 1 10 30 22 12 106 102 26 24 19 12 7 2 2 3 4 3 1 2 1 1 0 1 1 2 2 0 4 5 8 6 2 7 4 11 2 0 1 2 16 NOO 2,522 818 1,704 3,595 593 202 391 1,236 268 85 183 615 1,498 467 1,032 1,537 56 21 35 46 107 44 63 160 8 By counterparty with reporting dealers 2,522 593 268 1,498 56 107 local 818 202 85 467 21 44 cross-border 1,704 391 183 1,032 35 63 with other financial institutions 3,595 1,236 615 1,537 46 160 local 1,838 709 309 710 13 97 cross-border 1,757 527 306 827 34 63 non-reporting banks 1,612 448 126 966 22 50 institutional investors 777 308 215 212 33 hedge funds and PTFs? 593 261 154 123 11 44 official sector 89 18 21 48 1 1 other 524 200 99 187 5 33 with non-financial customers 474 159 116 166 6 27 local 244 96 52 77 3 16 cross-border 230 63 64 88 3 11 Of which: prime brokered 1,488 918 252 218 0 100 Of which: retail-driven 201 66 13 97 0 25 'Adjusted for local and cross-border inter-dealer double-counting (ie "net-net" basis). ? Proprietary trading firms. See explanatory notes for definitions of counterparties. b. Go to page 13 of the document. i. What was the amount (note this is BILLIONS) and % of turnover in USD/GBP in 2004's survey? ii. What was the amount (note this is BILLIONS) and % of turnover in USD/GBP in the 2019 survey