Gross Notional Outstanding - FX (Millions of USD)

FX by Product & Cleared Status

Product Cleared Uncleared Total
Swaps & Forwards 9,948 31,175,918 31,185,867
NDF 1,233,454 3,053,075 4,286,529
Options 59,663 4,997,699 5,057,362
Exotics 26 458,798 458,825
Cross Currency 72,774 11,336,778 11,409,552
TOTAL 1,375,866 51,022,269 52,398,134
       

FX by Major Currency Pair, Region & Product

Currency Pair1 Swaps & Forwards NDF7 Options Exotics Cross Currency Total
USD/ 28,346,526 4,237,667 4,429,567 307,123 10,845,989 48,166,871
EUROPE 14,429,464 91,563 1,478,386 76,515 5,899,316 21,975,243
EUR 7,756,793 58,430 1,149,778 61,072 3,480,309 12,506,381
GBP 4,189,445 21,338 223,858 10,200 1,886,082 6,330,923
CHF 990,980 5,696 89,106 4,427 264,955 1,355,163
OTHER2 1,492,246 6,100 15,644 817 267,970 1,782,776
AMERICAS/CARIBBEAN 2,393,622 968,772 616,021 13,229 1,087,655 5,079,298
CAD 1,732,071 9,241 337,687 7,861 753,777 2,840,637
BRL 804 471,664 124,118 3,205 12,573 612,364
OTHER3 660,746 487,868 154,216 2,162 321,305 1,626,297
ASIA/PACIFIC 10,856,955 3,152,046 2,173,429 71,529 3,706,705 19,960,664
JPY 4,894,687 29,574 820,001 32,611 1,925,496 7,702,369
CNY 1,732,986 139,785 613,659 18,811 122,812 2,628,053
KRW 153,317 823,161 38,802 1,286 81,682 1,098,247
HKD 541,818 3,760 97,621 150 136,629 779,978
AUD 1,921,510 10,380 194,933 6,100 1,045,494 3,178,418
OTHER4 1,612,637 2,145,387 408,413 12,570 394,592 4,573,600
OTHER5 666,485 25,287 161,731 145,850 152,313 1,151,666
EUR/non-USD 2,125,943 28,694 455,318 62,914 336,569 3,009,438
OTHER6 713,398 20,168 172,477 88,788 226,994 1,221,825
TOTAL 31,185,867 4,286,529 5,057,362 458,825 11,409,552 52,398,134
             
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 5,878,058 9,199,796 8,092,163 4,290,822 3,725,027 31,185,867
NDF 553,523 1,471,511 913,113 737,659 610,723 4,286,529
Options 259,782 751,222 820,789 1,064,096 2,161,472 5,057,362
Exotics 29,541 54,418 64,963 77,625 232,277 458,825
Cross Currency 1,685 25,373 311,915 240,182 10,830,398 11,409,552
TOTAL 6,722,589 11,502,321 10,202,944 6,410,384 17,559,898 52,398,134
             

FX by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs Others
Product Cleared Uncleared Cleared Uncleared
Swaps & Forwards 16,474 42,108,628 3,422 20,243,209
NDF 2,313,888 4,151,480 153,020 1,954,670
Options 119,325 7,714,684 0 2,280,714
Exotics 53 567,958 0 349,638
Cross Currency 98,132 18,849,430 47,417 3,824,125
TOTAL 2,547,871 73,392,181 203,860 28,652,357
         
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]