Gross Notional Outstanding - FX (Millions of USD) - 09/04/2026

FX by Product & Cleared Status

ProductClearedUnclearedTotal
Swaps & Forwards86,53946,875,31946,961,858
NDF3,308,6508,571,01511,879,665
Options864,7988,893,9989,758,796
OTHER*144,07719,733,34519,877,422
TOTAL4,404,06484,073,67888,477,742
    
* Includes cross-currency and exotics.

FX by Major Currency Pair, Region & Product

Currency Pair1Swaps & ForwardsNDF7OptionsOther8Total
USD/43,170,93511,792,3468,462,20918,819,55682,245,046
EUROPE18,852,760194,7953,263,40810,134,70732,445,671
EUR8,779,78492,6262,490,5375,547,23316,910,180
GBP5,329,86337,322420,1953,122,7688,910,148
CHF2,135,39530,072316,828876,0103,358,306
OTHER22,607,71834,77635,848588,6963,267,037
AMERICAS/CARIBBEAN4,092,0422,581,0141,022,2432,133,8869,829,186
CAD2,791,39520,756462,9011,592,7514,867,803
BRL2,2991,287,654326,33231,2071,647,492
OTHER31,298,3491,272,605233,010509,9283,313,891
ASIA/PACIFIC18,316,1538,936,6283,952,7646,390,72537,596,270
JPY6,174,96160,0601,646,4263,908,05411,789,501
CNY1,989,426707,717293,267306,8443,297,254
KRW264,5512,927,100190,412152,6063,534,669
HKD3,488,50356,798824,512225,5754,595,388
AUD2,853,87833,727353,3681,237,2204,478,193
OTHER43,544,8335,151,226644,780560,4279,901,265
OTHER51,909,97979,909223,793160,2372,373,919
EUR/non-USD2,871,09162,205956,537794,3904,684,222
OTHER6919,83225,114340,051263,4771,548,474
TOTAL46,961,85811,879,6659,758,79619,877,42288,477,742
      
1 Currency pairs having USD on one side are grouped into 4 geographic regions, namely Europe, Americas/Caribbean, Asia/Pacific, and Other.
2 Other major currencies in EUROPE region include SEK, NOK, DKK, PLN, and CZK.
3 Other major currencies in Americas/Caribbean region include MXN, CLP, COP, PEN, and ARS.
4 Other major currencies in Asia/Pacific include INR, TWD, SGD, NZD, and RUB.
5 Regions within the Other category include the Middle East and Africa.
6 Category includes currency pairs without USD or EUR leg. 
7 Top currency pairs for NDF not included above are USD versus INR, TWD, and IDR. 
8 Includes cross-currency and exotics. 

FX by Product & Tenor (Calendar Days)

Product0-3031-9091-180181-360360+Total
Swaps & Forwards8,707,50015,911,01311,810,1705,821,8954,711,27946,961,858
NDF1,943,5354,574,5862,642,8491,650,3281,068,36611,879,665
Options835,7571,956,2151,742,4142,324,1412,900,2699,758,796
OTHER*16,721158,8161,427,945769,49717,504,44319,877,422
TOTAL11,503,51322,600,63217,623,37810,565,86126,184,35888,477,742
       
* Includes cross-currency and exotics.

FX by Product, Participant Type & Cleared Status

 Swap Dealers/MSPsOthers
ProductClearedUnclearedClearedUncleared
Swaps & Forwards173,07866,709,148027,041,490
NDF6,358,44512,025,747258,8545,116,284
Options1,729,59712,847,21404,940,782
OTHER*185,15533,326,804102,9996,139,886
TOTAL8,446,275124,908,913361,85343,238,442
     
* Includes cross-currency and exotics.
These tables show a weekly snapshot of gross notional amount outstanding. Individual tables break this down by product type, cleared status, tenor or currency. All numbers in the tables represent millions of USD. All tables include all participant types, tenors and currencies. For cleared swaps, these tables reflect only the legs held by the non-CCP counterparty; using this restriction, the numbers on this table are analogous to the notional value represented by futures open interest.
The Commission requests feedback on the format and content of this CFTC Swaps Report table. Submit comments to [email protected].