Gross Notional Outstanding - FX (Millions of USD)

FX by Product & Cleared Status

Product Cleared Uncleared Total
Swaps & Forwards 28,073 27,853,668 27,881,741
NDF 1,007,028 3,073,698 4,080,727
Options 3,371 5,740,511 5,743,882
Exotics 17 425,727 425,744
Cross Currency 55,121 10,757,883 10,813,004
TOTAL 1,093,610 47,851,487 48,945,097

FX by Major Currency Pair, Region & Product

Currency Pair1 Swaps & Forwards NDF7 Options Exotics Cross Currency Total
USD/ 25,293,629 4,034,123 5,020,155 386,403 10,303,917 45,038,226
EUROPE 11,643,503 100,671 1,691,804 141,534 5,124,230 18,701,743
EUR 6,749,042 65,869 1,314,479 117,212 3,085,684 11,332,286
GBP 2,906,572 20,455 225,687 20,431 1,536,698 4,709,844
CHF 947,061 8,821 131,914 1,883 247,084 1,336,762
OTHER2 1,040,829 5,526 19,724 2,008 254,764 1,322,851
AMERICAS/CARIBBEAN 1,874,220 806,436 641,307 43,752 1,074,587 4,440,302
CAD 1,307,381 6,980 275,804 20,256 727,770 2,338,191
BRL 108 376,112 147,655 2,018 8,674 534,567
OTHER3 566,731 423,344 217,847 21,477 338,144 1,567,544
ASIA/PACIFIC 10,986,628 3,099,595 2,362,233 190,487 3,848,944 20,487,887
JPY 6,174,665 40,015 1,229,220 114,696 2,099,514 9,658,110
CNY 1,072,387 144,228 338,170 25,875 90,775 1,671,435
KRW 122,263 1,109,994 170,940 3,015 78,916 1,485,128
HKD 723,352 4,881 133,880 3,879 108,385 974,378
AUD 1,481,786 19,575 175,060 25,404 1,032,184 2,734,010
OTHER4 1,412,175 1,780,902 314,962 17,618 439,170 3,964,826
OTHER5 789,278 27,419 324,811 10,630 256,155 1,408,294
EUR/non-USD 2,043,113 26,372 465,730 24,447 331,672 2,891,333
OTHER6 544,999 20,232 257,997 14,894 177,415 1,015,538
TOTAL 27,881,741 4,080,727 5,743,882 425,744 10,813,004 48,945,097
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. 

FX by Product & Tenor (Calendar Days)

Product 0-30 31-90 91-180 181-360 360+ Total
Swaps & Forwards 4,114,992 8,137,399 8,302,629 3,834,637 3,492,084 27,881,741
NDF 565,649 1,233,626 878,812 544,275 858,365 4,080,727
Options 234,138 733,184 948,869 1,381,089 2,446,602 5,743,882
Exotics 15,052 48,786 44,490 84,852 232,564 425,744
Cross Currency 1,764 9,496 484,356 332,115 9,985,274 10,813,004
TOTAL 4,931,594 10,162,491 10,659,156 6,176,968 17,014,888 48,945,097

FX by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs Others
Product Cleared Uncleared Cleared Uncleared
Swaps & Forwards 17,916 38,630,637 38,230 17,076,699
NDF 1,847,824 4,181,712 166,233 1,965,685
Options 5,753 8,995,306 988 2,485,716
Exotics 34 519,123 0 332,330
Cross Currency 70,017 18,095,035 40,224 3,420,731
TOTAL 1,941,544 70,421,814 245,675 25,281,161
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]