Emerging Market FX Surges Past Developed Pairs in BIS 2025 Trading Report
The Bank for International Settlements' latest triennial survey reveals emerging market currency pairs experienced trading volume growth at twice the rate of developed market pairs between April 2022 and April 2025. EM currency turnover expanded by approximately 40% compared to 20% for major pairs like EUR/USD and GBP/USD. The Chinese yuan (CNY) emerged as a significant driver, with USD/CNY volumes surging 65% to become the fifth most traded currency pair globally. Other notable performers included USD/INR (+55%), USD/BRL (+48%), and USD/MXN (+42%). This shift reflects growing international trade flows, increased foreign investment in emerging markets, and the gradual internationalization of the yuan. For traders, this trend suggests potential opportunities in EM pairs may offer higher volatility and trading ranges compared to traditional majors. The data indicates a structural shift in FX markets that could persist through 2026, with implications for liquidity patterns and spread dynamics.
Related Symbols:
EURUSD
GBPUSD
USDCNY
USDINR
USDBRL
USDMXN
This is a summary of the original article by seekingalpha.com. To read the complete article, please visit the source website:
Read Full Article at seekingalpha.comNews data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
