"...a 20% increase in global foreign exchange (FX) market activity over the past three years, bringing average daily turnover to $4 trillion"
Yes, that is a daily volume amount, and it's increased by 20% since 2007. And in spite of the comments in the article below, the foreign exchange market remains mostly unregulated and functions very well
How governments would love to get their greedy hand on it but just do not dare. It's too big, too powerful and too important.
From Vox - Research-based policy analysis and commentary from leading economists
Full article
The $4 trillion question: What explains FX growth since the 2007 survey?
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