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Published: 18:59, March 24, 2023 | Updated: 19:34, March 24, 2023
China's forex market transacts $3.02 trillion in February
By Xinhua
Published:18:59, March 24, 2023 Updated:19:34, March 24, 2023 By Xinhua

A bank staff member counts RMB and US dollar notes on Aug 28, 2019. (PHOTO / SIPA)

BEIJING - China's foreign exchange (forex) market recorded transactions worth 20.64 trillion yuan, equivalent to $3.02 trillion, in February, said official data released Friday.

Specifically, the transaction volume of the client market totaled 2.9 trillion yuan last month, while that of the interbank market stood at 17.74 trillion yuan, said the State Administration of Foreign Exchange.

In terms of products, the cumulative transaction volume of the spot market was 7.44 trillion yuan, and that of the derivatives market was 13.19 trillion yuan in February.

ALSO READ: China's forex reserves rise in January

The country's forex market transaction volume totaled 34.93 trillion yuan in the first two months, the data showed.

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