Gross Notional Outstanding - FX (Millions of USD)

FX by Product & Cleared Status

Product Cleared Uncleared Total
Swaps & Forwards 41,995 29,044,892 29,086,887
NDF 940,673 2,824,257 3,764,931
Options 4,194 5,689,326 5,693,520
Exotics 21 437,834 437,855
Cross Currency 60,350 10,803,498 10,863,848
TOTAL 1,047,233 48,799,808 49,847,040
       

FX by Major Currency Pair, Region & Product

Currency Pair1 Swaps & Forwards NDF7 Options Exotics Cross Currency Total
USD/ 26,445,090 3,717,405 4,939,089 399,954 10,397,426 45,898,965
EUROPE 12,371,292 105,020 1,654,314 153,556 5,243,526 19,527,707
EUR 7,176,339 71,979 1,318,577 127,310 3,240,849 11,935,053
GBP 3,136,136 20,787 188,216 21,217 1,498,695 4,865,052
CHF 913,428 6,698 115,865 1,722 254,466 1,292,179
OTHER2 1,145,389 5,557 31,656 3,306 249,515 1,435,423
AMERICAS/CARIBBEAN 1,847,826 871,104 686,341 54,878 1,177,204 4,637,353
CAD 1,297,097 6,635 274,754 12,874 720,468 2,311,829
BRL 451 439,929 174,992 5,034 8,776 629,183
OTHER3 550,278 424,540 236,595 36,969 447,960 1,696,342
ASIA/PACIFIC 11,464,961 2,717,269 2,306,202 180,845 3,755,223 20,424,500
JPY 6,618,083 34,586 1,090,632 105,659 2,067,289 9,916,249
CNY 1,134,163 153,034 376,827 27,712 89,570 1,781,306
KRW 136,707 873,929 173,782 5,443 80,210 1,270,071
HKD 765,838 2,876 148,021 2,914 119,126 1,038,776
AUD 1,436,364 16,134 183,780 22,388 976,415 2,635,082
OTHER4 1,373,806 1,636,709 333,160 16,729 422,613 3,783,016
OTHER5 761,012 24,012 292,233 10,675 221,473 1,309,405
EUR/non-USD 2,117,769 27,012 449,995 24,484 323,001 2,942,261
OTHER6 524,027 20,513 304,437 13,417 143,420 1,005,814
TOTAL 29,086,887 3,764,931 5,693,520 437,855 10,863,848 49,847,040
             
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 5,054,600 8,693,552 7,747,780 4,127,882 3,463,073 29,086,887
NDF 621,134 1,190,377 738,980 571,517 642,923 3,764,931
Options 290,256 647,962 898,227 1,420,174 2,436,901 5,693,520
Exotics 13,948 51,582 63,665 76,385 232,274 437,855
Cross Currency 216 10,329 391,158 299,257 10,162,888 10,863,848
TOTAL 5,980,154 10,593,801 9,839,809 6,495,215 16,938,061 49,847,040
             

FX by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs Others
Product Cleared Uncleared Cleared Uncleared
Swaps & Forwards 22,713 41,005,540 61,277 17,084,244
NDF 1,731,022 3,915,880 150,325 1,732,635
Options 7,650 8,906,704 739 2,471,948
Exotics 42 520,765 0 354,903
Cross Currency 78,401 17,916,406 42,298 3,690,591
TOTAL 1,839,827 72,265,295 254,639 25,334,320
         
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]