Abstract

In the article the author considers the dynamics of average daily foreign exchange market turnover. It is revealed that the evolution of foreign exchange trading volumes continues to be dominated mostly by fi nancial institutions’ motives as opposed to needs arising directly from real economic activity. Geographical distribution and structure of average daily foreign exchange market turnover by foreign exchange instrument, counterparty, currency, currency pairs, location of transactions are analyzed. At end of the article, the author concludes that the process of internationalization of world economic relations is slowing down.

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