Gross Notional Outstanding - FX (Millions of USD)

FX by Product & Cleared Status

Product Cleared Uncleared Total
Swaps & Forwards 31,901 29,899,510 29,931,411
NDF 997,194 2,950,677 3,947,871
Options 4,508 5,765,440 5,769,948
Exotics 18 448,747 448,765
Cross Currency 65,911 10,807,022 10,872,933
TOTAL 1,099,531 49,871,396 50,970,927
       

FX by Major Currency Pair, Region & Product

Currency Pair1 Swaps & Forwards NDF7 Options Exotics Cross Currency Total
USD/ 27,162,818 3,898,919 4,950,274 401,571 10,401,492 46,815,074
EUROPE 13,082,117 125,415 1,725,055 160,686 5,368,643 20,461,915
EUR 7,274,135 75,184 1,337,133 124,185 3,294,477 12,105,114
GBP 3,294,749 30,853 239,657 30,755 1,558,242 5,154,256
CHF 886,180 12,001 102,103 2,056 262,329 1,264,670
OTHER2 1,627,053 7,376 46,162 3,690 253,595 1,937,875
AMERICAS/CARIBBEAN 1,913,755 842,599 586,744 45,382 1,093,392 4,481,873
CAD 1,286,842 6,405 216,677 10,064 735,921 2,255,908
BRL 2,211 418,914 155,480 5,259 9,326 591,191
OTHER3 624,703 417,279 214,587 30,060 348,145 1,634,774
ASIA/PACIFIC 11,444,264 2,909,242 2,382,337 186,307 3,728,097 20,650,247
JPY 6,737,983 39,562 1,064,711 96,286 2,085,436 10,023,979
CNY 1,189,041 166,881 447,947 43,790 94,388 1,942,047
KRW 115,370 819,432 182,857 3,711 84,143 1,205,513
HKD 607,634 5,195 143,055 3,072 126,683 885,639
AUD 1,461,508 21,439 165,352 20,557 920,533 2,589,389
OTHER4 1,332,728 1,856,733 378,415 18,891 416,914 4,003,681
OTHER5 722,682 21,663 256,138 9,195 211,360 1,221,039
EUR/non-USD 2,172,866 29,065 507,470 31,751 332,095 3,073,247
OTHER6 595,727 19,887 312,204 15,443 139,346 1,082,606
TOTAL 29,931,411 3,947,871 5,769,948 448,765 10,872,933 50,970,927
             
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 5,726,044 8,437,104 8,126,900 4,235,294 3,406,069 29,931,411
NDF 786,655 1,262,880 727,572 564,752 606,012 3,947,871
Options 372,143 847,587 870,370 1,245,163 2,434,685 5,769,948
Exotics 21,671 65,977 63,992 70,468 226,657 448,765
Cross Currency 826 8,622 381,507 296,873 10,185,105 10,872,933
TOTAL 6,907,338 10,622,170 10,170,341 6,412,549 16,858,529 50,970,927
             

FX by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs Others
Product Cleared Uncleared Cleared Uncleared
Swaps & Forwards 22,406 41,801,245 41,396 17,997,776
NDF 1,844,940 4,133,990 149,447 1,767,365
Options 8,027 9,078,669 990 2,452,211
Exotics 36 540,436 0 357,058
Cross Currency 86,306 18,058,138 45,515 3,555,907
TOTAL 1,961,714 73,612,477 237,348 26,130,315
         
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]