Benchmark or product
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover BenchmarkBIS-FX-SWAPS-96T
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) refers to an institutional financial benchmark and regulatory standard monitored by BIS Triennial Survey (INTL), currently calibrated at $9.6T (Daily OTC Volume) as of October 2026.
Updated
Coverage of BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark
8 articles
Central Bank Policy & G10 Rates
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Policy Rate Differential & OIS Forward Curve Breakdown ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing overnight RFR spreads (SOFR, €STR, SONIA, TONA,
G10 FX Liquidity & Sovereign Reserves
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: 3-Month & 12-Month Institutional FX Hedging Cost Analysis ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing hedged sovereign bond pickup for European and J
Cross-Currency Basis & Swap Flows
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Quarter-End Cross-Currency Basis Swap Turn & USD Funding ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing G-SIB balance-sheet window dressing and synthet
EM & Commodity FX Macro
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Sovereign Central Bank Reserve Manager Rebalancing Flows ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing IMF COFER quarterly currency share shifts and s
Central Bank Policy & G10 Rates
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Carry-to-Volatility Ratio & Implied FX Skew Positioning ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing 25-delta risk reversals, 1-month ATM implied vo
G10 FX Liquidity & Sovereign Reserves
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: BIS Triennial OTC Spot, Outright Forward & FX Swap Liquidity ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing dealer-to-financial-customer execution volumes
Cross-Currency Basis & Swap Flows
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: Real Effective Exchange Rate (REER) & Terms-of-Trade Valuation ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing BEER/FEER equilibrium misalignment and 10-year
EM & Commodity FX Macro
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark: FX Reserve Intervention Thresholds & Standing Swap Line Backstops ($9.6T Daily OTC Volume Benchmark)
BIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark (BIS-FX-SWAPS-96T) stands at $9.6T (Daily OTC Volume) (Source: BIS Triennial Survey, 2026-10-20), governing sterilized vs. unsterilized intervention mechan